BTC Short term Update
Bitcoin bounced very well from the 54000$ support area, As you can see a double bottom has formed there.
60000$ is very important to us, Reclaiming this zone can push bitcoin higher and cause this correction end.
For now we have two scenario that reclaiming 60000$ is not one of them, According to that the blue trend line hasn't break yet there is a possibility to dump from this area up to 54000$ or even 52000$.
Scenario two is that the price goes up to 60000$ resistance and can not break it, So I expect to see another bearish wave minimum up to the bottom of channel.
I update this analysis IF bitcoin breakouts 60000$ area.
Bitcoin bounced very well from the 54000$ support area, As you can see a double bottom has formed there.
60000$ is very important to us, Reclaiming this zone can push bitcoin higher and cause this correction end.
For now we have two scenario that reclaiming 60000$ is not one of them, According to that the blue trend line hasn't break yet there is a possibility to dump from this area up to 54000$ or even 52000$.
Scenario two is that the price goes up to 60000$ resistance and can not break it, So I expect to see another bearish wave minimum up to the bottom of channel.
I update this analysis IF bitcoin breakouts 60000$ area.