If Bitcoin breaks below the uptrend that has been in play since Sep 2023, I believe that said uptrend could start to act as resistance and that moves down to 52K are possible.
Possibility of a rally into latter part of April shortly following by a significant move down to one of these levels:
- the 618
- the downtrend that began to form in Mar 24
- the support region 49-52k
Projected flight path for "trough" est. Jun-Jul 25
A new ATH is usually printed Nov-Dec of the year following the BTC halving event:
- Dec 2013
- Nov 2017
- Nov 2023
Conclusion (provided the uptrend is broken):
- Rejection late Apr
- Trough in Jun
- New ATH Nov/Dec
🤷♂️
Possibility of a rally into latter part of April shortly following by a significant move down to one of these levels:
- the 618
- the downtrend that began to form in Mar 24
- the support region 49-52k
Projected flight path for "trough" est. Jun-Jul 25
A new ATH is usually printed Nov-Dec of the year following the BTC halving event:
- Dec 2013
- Nov 2017
- Nov 2023
Conclusion (provided the uptrend is broken):
- Rejection late Apr
- Trough in Jun
- New ATH Nov/Dec
🤷♂️
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.