#BTC

#ANALYSIS

Have a look at this move and try to figure out the correlation between them.

The moves seem so similar, one cannot help it but think isn't it exactly the same? but this rally doesn't have the structure as was formed during the 2019 rally after the pullback. So overall i am mid term bearish and long term bullish. Lets see a major pullback to the previous order blocks and major support levels at 35,225, 34900. And after it has formed strong enough base structure near current levels or slightly below, 50k is not possible in the short term.

Although 40, by a Wick may happen.

Left picture: 2019 Rally

Right picture: 2023 (current rally)