Bitcoin | What’s Next?

And here we are back again to our previous scenario.
The price made a move up during the previous week from 38.6K to 43K.
It was a price increase of approximately +11.3%

Actually, the price came back lower and it is testing the potential reversal area again.

The reversal area can be located between 37.5K and 38.5K

So from technical perspective, the price can move higher again from where it is now
or it can test the entire potential reversal area again before moving higher.

Targets:
🎯 43’800
🎯 49’500

I am still positioned on the bullish side as long as we don’t have any data yet that can confirm the
a deep bearish movement that many are expecting.

Only after the confirmation, we can consider that the price can move lower, but to too low.

Thank you and Good Luck!

Previous analysis: