The increasing rejection of bitcoin from the $24000 zone may likely be calling for a short term reversal. With a further price action analysis, we can identify a three drive harmonic reversal pattern though not perfectly symmetrical.

NB: Harmonic patterns like the popular head and shoulders pattern are reversal patterns in the financial market. Unlike the heads and shoulders patterns, the harmonic patterns utilize a discrete measurement hence not entirely subjective. Like to know more about these, hit the like and follow button.

Recall that bitcoin have had a consistent buy days for almost three months, a pullback - ( a possible resting period for the bulls) will not be a bad idea.

Nevertheless, from available price data, we are still bullish long term and await further confirmation - a break of current short-term support at $22800 zone for sell confirmation.

Don't forget to follow and like fir more market updates.

#Iam$avvy.

#bnbgreenfield #Web3 #pumpanddump