interesting

According to Pizzino's analysis, Bitcoin closed last week below the 50 percent retracement level, a key Gann indicator. Such technical indicators, which are of great importance for investors, are used to predict the peaks and bottoms of market movements. In his latest comments on Bitcoin, he states that the next downside target is the $37,000 level via the Gann indicator.
Similar situations were observed in the declines in 2016 and 2019. According to Pizzino, Bitcoin started correction movements by following the same technical indicator. The analyst questions whether Bitcoin will reach this resistance level again in December 2023 and whether history will repeat itself.