hello to investors and traders and everyone...welcome to analysis about the bitcoin. as you see on the chart we have a very clear channel that price had shown very incredibly clear reactions. price wanted to break that from the downside for the time but it couldn't but finally today we can see it has broken that down in the fourth test... so now we need pullback ....but where? it is so necessary to recognize the best level because it could have heavy correction ...so as you can see there is good resistance on 48000_48300 and also fib 0.618(61.8%) is on that level so there is very strong resistance ...
and another important thing that confirms we have to have good correction is RSI ... we lost a very very important support line and we got confirmation too . we lost a support line that has hold bitcoin for four times it is another reason...
we had a strong breakdown today and it is several days that bearish candles have had more power ...due to this, it is so possible to have a correction after seeing 48000...
now just EMA100 is holding bitcoin but it can't do that anymore ...
make sure you have enough USD to use the correction in the best way.
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please like and follow me i will update soon
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if you have any questions write down
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it is going step by step like i said we are getting close to 48200
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guys we reached 48200 now if we cant close candle above 48300 we will go down to 4250