$BTC #TradeNTell
Bitcoin. Targets achieved
Hello everyone. Well, let's summarize the latest reviews that I have published. The goals were fully achieved, so it is logical that we close this idea.
The local decline, which was expected in the near future, namely to the first zone of $40,000, has been completed ✅
I wrote about this in previous ideas:
"Now everything indicates that the price will soon drop to the area of $38,000 - $40,000."
"I am inclined to believe that the price will continue to decline and in the future should collect liquidity below $40,000. The $38,000 - $40,000 zone is still very attractive. Therefore, in the short term, these marks will be a magnet for the price."
In addition, the price continued to decline and eventually closed the Gap, which I noted back in early December. As a result, after almost two months, the price dropped to this zone. After the bearish engulfing that formed after the ETF approval, closing this Gap was only a matter of time. Therefore, this goal has also been achieved ✅
After such active growth, a correction is necessary. How deep such a downward movement will be is difficult to say right now. We need to see how buyers will defend the $38,000 zone.
Right now we will definitely see a small bounce.
