InvestMate|Bitcoin, prepare for declines ₿

₿ Bitcoin, prepare for declines.

₿ As in the last post I perfectly predicted the increases. Link below:

₿ This time it came to attack the lows again.

₿ Looking at the chart and at Bitcoin correlation with the major indices, given the impending wave of US dollar appreciation. I believe that there is currently no room to rise.

₿ I think we may see a test of the 16k area. Where I have set a support zone.

₿ It was set based on the 0.618 level of the entire upward wave from the breakout of the new low.

₿ It can be seen that the area around the round 16k level. Has been a resistance as well as a support many times in the past. Therefore, I believe that level can still play an important role in the future.

₿ I have established a resistance zone around the current peaks.

₿ I do not exclude the possibility of testing this zone again.

₿ The scenario I am currently playing out is a gradual weakening of Bitcoin over time, taking into account smaller corrections along the way, reaching the support zone marked on the chart.

₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀