How will BTC perform in the coming months? There are 2 possi

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How will BTC perform in the coming months? There are 2 possibilities. My humble angles:- (1) Rise to around 48,000 & then go through a "major" correction. The 48,000 level is the 0.618 fibonacci retracement from previous peak & also a strong resistance around May 2022 when BTC rebounded. These 2 make this level a very hard nut to crack in 1 attempt. In 2020, the same situation happened. Coincidence? However, in 2020 situation, covid shocked the world & understandably BTC reacted adversely. Do note BTC can make corrections along the way up due to profit taking. (2) Drop to around 24,500 range. BTC bounced twice on this level. There is a chance it will bounce here again. Heaven forbid it crashing through this level as next level would be around 20,000. The weekly MACD & Stochastics are showing bullish signals. Seems (1) is supported. #BTC #Crypto #Cryptocurrency #TA

How will BTC perform in the coming months? There are 2 possibilities. My humble angles:-
(1) Rise to around 48,000 & then go through a "major" correction. The 48,000 level is the 0.618 fibonacci retracement from previous peak & also a strong resistance around May 2022 when BTC rebounded. These 2 make this level a very hard nut to crack in 1 attempt. In 2020, the same situation happened. Coincidence? However, in 2020 situation, covid shocked the world & understandably BTC reacted adversely. Do note BTC can make corrections along the way up due to profit taking.
(2) Drop to around 24,500 range. BTC bounced twice on this level. There is a chance it will bounce here again. Heaven forbid it crashing through this level as next level would be around 20,000.
The weekly MACD & Stochastics are showing bullish signals. Seems (1) is supported.
#BTC #Crypto #Cryptocurrency #TA  