Is this statement correct!!
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LIVE--
Bearish
LIVECreators Cryto
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Bearish
*** Here are the notes and assessments from BeInCrypto:
+ BTC's peak will be the $73,000 price zone as the official peak of 2024.
+ Bitcoin has just shown a price rejection behavior when it just increased to $73,000. BTC's best support is at $57,000, equivalent to the neckline of the model.
+ Whether BTC price completes the price measurement of the model or not will depend on whether BTC breaks out of this support or not.
+ If it breaks $57,000, BTC could fall to the $42,000 area according to the price measurement of the model, equivalent to the price before BTC ETF was officially approved by the SEC.
+ The weekly technical signal supporting the possibility of a price decrease is that MACD-H is forming a negative histogram.
$BTC
+ BTC's peak will be the $73,000 price zone as the official peak of 2024.
+ Bitcoin has just shown a price rejection behavior when it just increased to $73,000. BTC's best support is at $57,000, equivalent to the neckline of the model.
+ Whether BTC price completes the price measurement of the model or not will depend on whether BTC breaks out of this support or not.
+ If it breaks $57,000, BTC could fall to the $42,000 area according to the price measurement of the model, equivalent to the price before BTC ETF was officially approved by the SEC.
+ The weekly technical signal supporting the possibility of a price decrease is that MACD-H is forming a negative histogram.
$BTC
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