₿ Bitcoin Road to $20k ₿

₿ Bitcoin Road to 20k

₿ Nearest strong support zone: Surrounding the recent lows of the downward correction.

₿ Nearest strong resistance zone: the 0.618 fibo level of the entire downward wave (21500).

₿ Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

- Supertrend: Downtrend

₿ Price action: Bitcoin is not about to fall anymore since the accumulation that has been going on since June 2022 is slowly coming to an end, as you can see there are no more sellers at the 16k price. Weak hands have already gotten rid of Bitcoin, all the big players have already accumulated around 20k and are just waiting for capital to return to the financial markets, Bitcoin in my opinion will follow the major stock indices of the United States and we will systematically see it at higher and higher levels.

₿ The scenario that I am playing out is the start and continuation of increases on Bitcoin over the next weeks/months. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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