₿ Bitcoin Correction Before 20k ₿

₿ Bitcoin Correction Before 20k

₿ Nearest strong support zone: around the 0.236 fibo level of the downward wave.

₿ Nearest strong resistance zone: around level 0.618 of the downward wave.

₿ Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

- Supertrend: Uptrend

₿ Price action: bitcoin has taken off beautifully in recent days was exactly as I wrote in previous posts:

Reaching 19k today, it took advantage of the dollar's weakness over the past week and gave a clear signal to everyone that the bottom is behind it. Looking at the dynamics of the candles, I expect the dollar to strengthen in the coming days, which could cause a downward correction on Bitcoin that could even take us to the 18k area. After that, I expect the growth to continue.

₿ The scenario I am playing out is the start of a decline and the continuation of the uptrend after a correction is made. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

₿ Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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