We present 02 scenarios of the possible movement of BTC
Yesterday there was an attempted bullish rebound, but near the last peak we saw a slight drop. Therefore, the question now is what pattern is starting to form on the chart:
đ On the one hand, there is a double top pattern, where if the 51K level is broken, it will begin its execution, leading to a fall towards 49-48K. However, with the potential for further decline as Bitcoin returns below the -27% Fibonacci zone.
đ On the other hand, it could still be a bullish flag/pennant, where after its continuation, the price will continue to rise towards 55-56K.
âïž It is a somewhat ambiguous image. Therefore, we are monitoring further chart formation.
Bitcoin dominance: 53.04%;
Fear and greed index: 72 (greed);
Peak season index: 63;
Market capitalization: $1.92 trillion.
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