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Path B depends entirely on the market and developments. For example, it doesn’t have to be 3 to 4. Or it can be 3, it doesn’t have to be 4. Or the process can change in a completely different way. This possibility is a forward perspective on what could happen if the double bottom breaks down.
Right now, it is in a bottom consolidation process, and these processes don’t end all at once. The perspective I drew is a much healthier bottom perspectiveBitcoin fell below the ascending support line that guided its April rally, according to technical analysis shared by Elja. The breakdown occurred on FOMC day, with BTC trading near $75,633 after losing the lower boundary of its rising channel that had held through April as the priceRebound with no volume, the downward risk still not eliminated! The highs keep moving lower, Bitcoin may crash further! Is there still a chance for a short-term rally at the beginning of the month? Altcoin funds are flowing out, May 1st Bitcoin market analysis #btc #bitcoin #eth
Path B depends entirely on the market and developments. For example, it doesn’t have to be 3 to 4. Or it can be 3, it doesn’t have to be 4. Or the process can change in a completely different way. This possibility is a forward perspective on what could happen if the double bottom breaks down.
Right now, it is in a bottom consolidation process, and these processes don’t end all at once. The perspective I drew is a much healthier bottom perspective