$BTC - update:
The price remain very neutral at the moment.
The main trend remain bullish, but this is not a stable zone!
At this level I don't think bitcoin will breakout now, except in case of a major news!
Bulls must break above 69 000$, otherwise a correction toward 62 000 $ or 60 000$ will more likely happen! 📉
There's a lot of fear in the markets, and some altcoins haven't reached their main support! The economic and geopolitical context is also very tense!
The price has been rejected too many times around the 72,000 mark, and buying pressure is waning by the day.
Honestly, I think that to see another healthy rise, the price of bitcoin needs to correct to around $48,000 - $50,000 support.
On the last view, I show a possible (weekly realistic scenario)
A lot of people are going to hate me, but that's always been my main idea😁
As long as the price holds in the short term, some #alts could correct upwards, but beware, volatility is likely to be very high over the next few weeks!
We've entered a period where buyers are becoming more discreet! I strongly recommend that you reduce your leverage and your targets! Medium-term chart analysis is likely to be more difficult for a few weeks/months❗️
Are we in for another bloody month? 🥶
Where do you see #Bitcoin's next big move going? 📈📉
