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A Month Left Until The End of The Consolidation of Bitcoin Price!

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chorock
@chorock
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Bitcoin price is going down since November 2021 like a stairs. We spend a month in 28K-32K level and We are at 21K. This level will be Bitcoin price's new consodilation level...

It may take a month again to complete the consolidation. Bitcoin price will meet mini downtrend line after this consolidation. Bitcoin price went down after touching this trendline at 32K level..

So, Will Bitcoin go down after touching this trend line again?

I think Bitcoin price will break up this downtrend line..

Here is weekly chart of Bitcoin and RSI Indicator is at oversold level..

Bitcoin price went up at least 20% after oversold level. So, Bitcoin may recover its loses after going up oversold level..

We cant predict the bottom of Bitcoin but Downtrend may be turned in a month later..

We will see..

Posted Using LeoFinance Beta