Bitcoin, after a very significant rise, had a dip that in my opinion is healthy for the long term, but nothing alarming for now.
The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure.
Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level.
The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure.
Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level.
We will have to pay attention to how the price reacts to the 40k zone, which was the previous low. If it breaks, the next support area will be the 38k.