The price of BTC on the impulse of the "Adam and Eve" pattern has given a +2% net movement, but has not yet updated the ATH. The established high is $89,876, with an ATH of $89,940.
The price is correcting after reaching the basic targets of the indicator on the 15-minute timeframe. It has achieved both the main and additional targets on the 5-minute timeframe.
Now the price has come to the starting point of the impulse and the "neckline" of the pattern. Marked in yellow. Very important, because now it is a mirror level. If there is no reaction from buyers, the correction may continue and go to take liquidity below the pattern low ($85,072).
We would like to draw attention on the chart to the horizontal line at the level of $90,500. Which is a dotted line. It is, in fact, not horizontal. This is a global upward trend line based on the highs of the previous cycle. Its breakout and consolidation above, as we have already written, presents the prospect of a powerful "God candle".
