2022-11-15 20:26:36
At the moment I see two scenarios for BTC, both of them predict a decline in BTC to $12,900 - $11,500.
1. A conditionally positive scenario (blue on the chart) - a rebound from current positions to the area of $18,600 - 19,200, an unsuccessful attempt to gain a foothold and, as a result, a gradual decline to $12,900 - 11,500.
2. Less positive (green on the chart) - an unsuccessful attempt to rebound from the current ones and decrease to the Fibonacci level - $14,800. From there, a rebound (more likely to be a series of rebounds with corrections) to the same seller zone: $18,600 - 19,200. Then the same decrease to $12,900 - 11,500.
Considering that on November 11 there was no re-decrease, I expect that it will come later and from here I'm more inclined to scenario 2. Thus, one way or another, we should see an attempt to break through $18,600 and then a more global decline, which may drag on until February 2023.
#BTC #correction
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