In the last idea, we defined for ourselves the framework of a market model, such as a "triangle".
The price of bitcoin is moving slowly, which gives once again and a reason to think about the current picture.
No matter how much the majority of market participants wish, we are inclined to the side that the price does not fall below 5900.
At the moment there are some local boundaries of the triangle, which act as support and resistance, as well as a key range of active trading 6600-6200.
If we consider the Fibonacci levels of past ranges, we can see that the price is near a cluster of double levels of 76.4%, 23.6% is a good support for the price.
We believe that after the correction, the bitcoin price will start the next recovery.
The price of bitcoin is moving slowly, which gives once again and a reason to think about the current picture.
No matter how much the majority of market participants wish, we are inclined to the side that the price does not fall below 5900.
At the moment there are some local boundaries of the triangle, which act as support and resistance, as well as a key range of active trading 6600-6200.
If we consider the Fibonacci levels of past ranges, we can see that the price is near a cluster of double levels of 76.4%, 23.6% is a good support for the price.
We believe that after the correction, the bitcoin price will start the next recovery.
