Before starting the Bitcoin analysis at the current price, I will discuss my analysis process in sequence, so that you know the beginning of my process.

* This screenshot of my analysis was taken on March 2 2023

After the Breakout of the Falling Wedge Pattern (In the Finish Corrective Wave 4 area), BITCOIN moved very Impulsive

Even during the correction process because it was blocked by Exponation Moving Average 55 (EMA-55), BTC was able to maintain its support which was previously formed by Strong Resistance (in the range of November 6, 2022) Range $21,000

This is where we get a very important key point, because in that area (Range $21,000) there are people who are holding back the rate of BTC correction, and we also haven't seen BiggerPlayer/BigFund/Whale taking significant profits, they are still maintaining their share.

Then this will definitely be a question for many people, how can the strengthening rate reach $27,000, even the highest is up to $31,000.

You can look for areas by drawing the Fibonacci Retracement from the last Swing High, to the last Swing Low. Then you will get several Fibonacci Retracement level areas that have the greatest probability of being rejected and could be stuck, then get a Rejection after entering that area.

This area is in the Fibonacci Retracement area:

- Level 0.5% of $27,000

- Level 0.618% of $31,000

Then currently BITCOIN is clearly visiting the 0.618 Fibonacci Retracement Area, at $31,000 and is even exposed to Rejection in that area.

So, for now, what is the direction of BITCOIN's movement in the future?

Keep watching, I'll try to update again later