The prediction for the next direction of bitcoin.....
After the drop from 97k to 75k, this signals that
it indicates that the bear has actually arrived; the bear signal had already appeared in December of last year, when bitcoin tried to break into the 100k area but failed.
This moment was caused by an unexpected drop on October 11, which made investors panic, leading to continuous selling, and there were also those who scooped up at that point, making this a momentum for bitcoin between a rebound or continuous drop and sideways price action and uncertainty.
If bitcoin can break through 100k, it will be a different story; there won't be a bear market, and it will certainly create a new all-time high again. However, this effort will be in vain if bitcoin fails to break it, and rejection at the 97 area will last until mid-year.
I assure you that the current price will be sideways, then continue the downward trend again, and I am confident this will touch the all-time high in March 2024, which will be in the range of 60k - 65k.
I recommend analyzing if a rejection/short momentum occurs; you must take action, or you will miss the opportunity to gain significant profits.
I believe it will chase the 60k area, so the current price will consolidate at 70k - 80k, at most for about a month.
Make sure you observe this market; it will be profitable.
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