$BTC The chart shows how in previous corrective cycles the price experienced severe drops (close to -76%), finding a bottom at key levels.
Currently, after a correction of approximately -45%, the price is interacting directly with a strong historical support zone.
$BTC
If the current candlestick closes with a pronounced absorption wick over this order block, the odds of a structural change in the coming months increase, potentially resuming its previous bullish trend; it all depends on market signals.
#BTC #bitcoin
Currently, after a correction of approximately -45%, the price is interacting directly with a strong historical support zone.
$BTC
If the current candlestick closes with a pronounced absorption wick over this order block, the odds of a structural change in the coming months increase, potentially resuming its previous bullish trend; it all depends on market signals.
#BTC #bitcoin