Based on the behavior of Bitcoin 6 months ago, it is possible that by reaching the 41K area, it will have a reversal at the price of 34K, and then the upward movement of Bitcoin will start.
Data from recent years show that Bitcoin has seen an average of 80% price correction after each growth. This pattern has always been repeated and the situation will be the same now!
Assuming that the crypto market will be completely red in the next few months, bitcoin will drop to 11K.
RSI data from February 22 to March 15 tell us that BTT's purchasing power has been strong, which has increased its price by 265%.
But again, history is repeating itself, and we can see the same RSI data from April 19 until now that we expect to experience growth of 265% or more again. Of course, this growth has started and is now on its way.
We guess the price...
Doge data show that it is moving in an iterative direction. In such a way that its price remains constant for a while and then experiences a sharp growth and then stays in place for a while and then grows at once!
Bitcoin is now on a new path after growing to $ 65,000.
I have two scenarios for BTC:
1. Green Line: Returns to the price of $ 53500 and reaches the channel 60.000. If it can break the 61,000 resistance, bitcoin will enter the growth channel and experience new prices.
2. Red line: Can not break the resistance of 60,000 and will fall. The fall will create a flag...
Bitcoin will not be capable of defeating 61600 resistance in its uptrend, Probably will have a small correction and will be supported at level 58-59.
It may stay at level 58-61 for a while, But his next target will be Channel 70-75!
(* If this scenario do not materialize, bitcoin support would be 50,000)
