The weekly candle for Bitcoin has closed, and the closure occurred exactly at the level of the short-term moving average MA20d.

And the candle itself closed slightly below the opening price.

Quite a positive signal.

More importantly, at the end of this week the monthly candle will close and after that it will be possible to draw any final conclusions about the future prospects of the market in April.

🔍 Last week we posted a global $BTC Bitcoin review 👉 Remember, where we considered options for the development of events.

In the review, we assumed that the bottom of the correction would be around $56,000-60,000, and as a result, the price dropped to $60,700.

Now, within our scenario, we expect a long flat trend for Bitcoin in a wide range for 1-2 months.

The purpose of this sideways movement is to unload the weekly and monthly indicator from the zone of strong overbought, as well as to unload excess passengers from the market.

A sideways trend is also considered a correction and most likely some kind of bullish pattern will be formed in this sideways pattern, for example, a triangle 📐

📌 This is an ideal scenario for the market as a result of which the undervalued alts that we bought and will continue to buy will shoot.

For us, this scenario will now be a priority, since in March there were a lot of liquidations amounting to $9.2 billion, mostly long positions!!

👀 Look at the market map for the week.

As you can see, a number of alts have already started to grow.

The main thing is to buy not overbought alts, which will also go sideways or even go down.

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