If you're looking for a total overview of what happened with #BTC. You're in the right place.
#BTC Overview for the Recent Decline after CPI
Higher demands are still awaiting as buy orders at this price range: $53K-$58K.
This signified a further impulsive above the recent declines at $61K-$62K.
This insight doesn't mean BTC will not do higher corrections during this time. Albeit, it implies BTC will continue creating stronger supports for the continuation of the rally may it be not this year but by the next but it will continue after longer corrections that will prove the existence of the newly established supports.
Here's our updated #BTC possible price action after it got rejected 6 times thrice at 61K, once at 62K and twice at 65K.
Such high rejection could cause the price to plummet.
This fact also coincides with our GMR strategy where the altcoins have already reached high impulsive upward movements. Knowing this, the possibility that the rejection would occur with immense impulsive wave towards the lower key levels would support the fact.
Now, most likely almost everyone in the market would also verify these factors and eventually lead to the whole market corresponding with this price action vision.
Stay wise, trade cautiously.
Let's see if this #BTC price action will be fulfilled. If it does, altcoins close to their bottom will do surges. Albeit, BTCDOM will still continue to rise and will find an ATH but it will get rejected as well causing the altcoins to potentially rise.
