Why BTC could do a healty retracment?
BTC for the last week have been rallying constantly,
For BTC to make new ATH,
It is crucial to do a retrace for the health sector f the bull otherwise a BTC crush or rapid drop could cause shock among investors.
In my opinion we could be in rejection block where we can see clearly price is not breaking the 52,3k barrier and it is getting rejected this early sign of a retrace, based on Wyckoff theory which is about behavior of traders we are in disturbutiom zone which could aignal a reversal for short term to 50k support levels.
This reversal would very important for BTC to make higher as it will create better prices for investors to invest more. Below is attached my TA.
Trade safe.
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