Bitcoin in a weekly time frame can be seen a compression and we can have three scenarios
By drawing Fibo in the recent wave, we can see its correction and now it is on strong support, and if it is supported, we can expect the upward trend to continue.
If the support is broken, we can consider the trend to be downward, and if the price decreases to the support number 2 and completes the tight pattern, it is not possible to see Bitcoin at incredible prices.
Many thanks to the trading view support team
By drawing Fibo in the recent wave, we can see its correction and now it is on strong support, and if it is supported, we can expect the upward trend to continue.
If the support is broken, we can consider the trend to be downward, and if the price decreases to the support number 2 and completes the tight pattern, it is not possible to see Bitcoin at incredible prices.
Many thanks to the trading view support team