Hello traders!

Here is good news for buyers, we can expect a pullback from 38730 which is 1200 away from the current price. This pullback will be very strong and it will be an instant recovery.

BTC will not break 37K support but the 37K support is not safe, BTC will definitely break it in near time but before that, BTC needs to form some more waves. We will also catch that bear wave but for now, our eyes must be on the 38730 true reversal point.

The pattern at the trendline is the only supporter of bulls and it’s showing that we will see a pullback, otherwise every news and every pattern is against the bulls.

According to my method, the expected reversal point is 38730 and the market will move up exactly from there. The calculation error cannot be more than +-50$ means the reversal range is 38680-38780.

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