The reversal that happened to Bitcoin
BTC
4 hour candle
After Bitcoin attempted to break through the 65,000 resistance
He was unable to pump and pump his cash into Bitcoin
Bitcoin fell with a big candle
To 62 thousand, and then it rebounded again
This rebound is clear evidence that we are in an upward trend
The bottom, which was 53,000, is the last bottom for this cycle
Now the scenario followed
The first scenario: Bitcoin will rise gradually, and alternative currencies will move with it until it reaches its previous peak of 73,000, from which alternative currencies will be launched.
The second scenario: Bitcoin will fall in a strong candle, which is a confirmation candle, closing and liquidating the long future holders, making investors sell, and then quickly reversing upward to close the short holders, thus determining the upward trend.
The third scenario: Its liquidity will be gradually pumped into Bitcoin, and it will rise and fall like the candle that was sent, so that only a few will be able to enter Future, and it will continue to its previous peak of 2021 - 68,000 thousand, from which alternative currencies will be launched.
Fourth scenario: Bitcoin will rise and play in areas of fluctuation between 65-70 thousand, and liquidity will be completely transferred to alternative currencies, and we will witness large fluctuations.
Fifth scenario: We may notice that this cycle is a trick for alternative currencies. The ceiling has not risen as high as the last cycle. We may witness a new peak for Bitcoin84.000, and the maximum amount of currencies so far has been one double
Just expectations
