Bitcoin Acquisition Update 💸
We previously warned of the level 60.30%, which was considered a strong support formed at the end of the (order block) ~ {61.30%-60.30%}. It was expected to bounce from it and target 64% as a temporary correction alongside completing the main bearish scenario, but we saw how the acquisition index reacted by falling back immediately after breaking 60.30%. Currently, we need to close two daily candles clearly below 60.30%, which will give us a clear signal for the continuation of the decline.
Upcoming targets:
➡️58.64%
➡️57.10%
➡️54.67%
The scenario is invalidated if the index returns above 62.7%, which is considered a strong negative order block area; any close above it leads to a return of positivity and an upward wave.
