🔴Analysis of#Bitcoin🔥

🔸 When Bitcoin achieves the bottom, it rises 78% on Fibo from the length of the descending wave from the peak to the bottom, and then after that it begins to correct, but the severity of the correction varies according to the events and circumstances accompanying it. For example, 2020 had the Corona crisis and there was a sharp decline, but in previous years there was a simple correction, then after That starts the urine ringing out.

🔸Before the price reaches the previous peak, we notice that it begins to correct, all of which were several months before the halving phase. This is accompanied by the fact that the MVRV indicator also begins to correct when it reaches the blue line, and what is surprising is that the blue line also corresponds to the price when it rises to 78% on Fibo in Every cycle and we are now closer to it.

🔻The current Fibo target is a 78% rise at 49,000-50,000. This means that we are now at pivotal areas and at areas of supply and demand, so I think there will be a reaction and we are close to the fourth halving stage, which is next April.

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