$BTC

🚨CURRENT BITCOIN SITUATION!!🚨

The 100K level has been quite psychological🧠for profit taking by large institutions.

The FED speech by J.Powell has not sat well with the market either.

I currently find a possible scenario:

- That the price stays above the 87k-90k dollar level. From there, this is just a healthy market correction to continue with the next bullish movement.

On the other hand, going back to the previous BITCOIN bullish cycle, right on the same dates that we are currently in, we observe👀

1) Deceleration phase📉between December 18-24, 2020 (-9.81%) that gave way to a bullish continuation.

2) Correction 📉during much of January 2021 (-32.05%) to continue with a new bullish momentum.

Returning to the current framework, we observe that:

1) Since December 18, a correction of (-14.93%)📉 began

today (12/23) which, by dates, coincides perfectly with the previous cycle.

2) Price holding above the EMA 50, which could be a very favorable rebound zone.✅📈

⚠️I CLARIFY THAT, everything that happened in the past does not imply that it will be repeated in the future, but the market has shown to behave in a similar way each cycle.

We only have to go to the charts and study it.