On Monday, it becomes clear: Bitcoin stops running wild and significant growth is possible. The weekly chart that closed today shows an upward trend line typical of an early bullish market. It gives hope that the price will start to rise after the incredible drop from an all-time high of $73.6K to a humiliating $64K.

However, many market experts are concerned about the cross line. The divergence of long and short forces gives hope, but cannot provide unambiguous confirmation of future rapid growth. There is also some fear of course correction. Unfortunately, the current state of the market also makes it impossible to predict what changes will definitely occur in the near future.

Personally, I believe that everything necessary for the further course has already been done. You may have to wait about a week, during which minor reductions are possible. But this is, so to speak, acceleration before the next further jump.

I also draw attention to the fact that against the background of fluctuations in the BTC rate, many people have directed their resources into numerous altcoins and especially Ethereum. Therefore, at the time of the last fall, almost everyone was trapped: the Bitcoin rate affected other cryptocurrencies and devalued their coins. Obviously, if the majority invested in BTC and not other tokens, the situation would be completely different.

Don't forget that Halving 2024 is just around the corner, so you should already expect a significant increase in the value of cryptocurrency. I believe that everything is going exactly to this and there will be no more significant subsidence. But I emphasize: this is purely my opinion, which is not financial advice. You should rely only on your own experience and intuition to make decisions whether to buy or sell Bitcoin. And a little on signals.

#bitcoin #blockchain #CryptoNews🚀🔥 #CryptoEducation💡🚀 #BlockchainDev