Ideas For BTCUSD
BTCUSD → H&S has not yet given a proper reaction. Range 28-26K$
The way I see it, the correction in bitcoin is reasonable and after the strong rally we should have expected this kind of reaction. From the point of view of technical analysis, the asset should gather the necessary liquidity for a further move in one direction or the other.
Fundamental factors:
•There is an increasing level of fear of further declines in bitcoin
•Lightning network has entered into a partnership with chainalysis and TRM Labs, allowing it to control all payments through the said network
•Cryptominer Marathon Digital and Brink will raise $1 million to support BTC developers
•BTC mining complexity continues to break records
•The number and volume of large BTC transactions continues to grow.
•The current halving cycle in bitcoin is 76% complete
I think that the correction with the average probability can continue up to the level of 25400 - 25053, but if the price overcomes the area of 28000, the growth will start earlier. Since we see bullish dynamics on the global timeframes and overcoming the strong resistance zones, after the correction and rest, the growth may resume.
#BTCUSD
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