POINT OF IMPACT
This is the bird eye view of what is happening and what might happen with the price action. We have marked two major channels ascending channel (A-Channel) descending channel (D-Channel). Further, for more precise move we have taken two more minor channels Int Bullish Channel and Int Bearish Channel. The price is moving between Sma200 and Sma44 with a Golden Cross to determine Bullish Trend in larger Time Frames.
We have been observing the movement since March 2024 that lead us to create these channels for us. Now as per our observation Bitcoin is at the point of impact to decide its major movement. The box made by Int channels made us see this impact. If any of these Int channels are followed by the price then we might see the top or bottom by the end of this month.
Lets trade with patience and discipline and try to catch the tail of this Devil.
Good Luck !
