Bitcoin (BTC/USD) #BTC Local picture H1: At the moment, the p | DarkSide | CRYPTO | Traiding | BTC

Bitcoin (BTC/USD) #BTC
Local picture

H1:
At the moment, the price is inside a significant resistance area, which is formed by a recent accumulation. In case of breaking through the level of 63750.00 and the subsequent retest, you can count on further upward movement to the quote of 75000.00. If we cannot overcome this area, the goal for the downgrade is indicated here.

D (daily timeframe):
Let's compare timings and movements. Given that the price almost perfectly repeats the picture of the previous bull market, it is possible to focus on these factors.

The correction of 2017 began on October 21, the price fell by 13%. The correction of 2021 began on October 20, at the moment the price has fallen by 11%.

Recovery after the 2017 correction began on October 25. Recovery after the 2021 correction began on October 25.

The dominance of Bitcoin also repeats the movements of the previous bull market. The 2017 correction was 7%. The correction of 2021 at the moment was 7%.

Considering all the coincidences of dates and movements (even half of them are not listed in this post, watch the video on the second link), we can assume that the probability of an upward movement in the near future is greater. If the price continues to correct, it will be necessary to revise the analysis without relying on timings.

I will attach screenshots from below.