Retracement of BTC and future movement looking at the 1D chart

8 февр. 2023 г.

As the MACD is showing us we came across a "cross of death" also known as the position when sellers overpower the buyers. As we take a look at the market on the daily chart we can see that BTC is retracing probably retesting the local support which is situated at 21.5k in the following month we will get a new oportunity to buy the current dip and stack on the most reliable assets. My prediction is that after a retrace and retest of the support we will see another bull run that will last until mid march or the beggining of april where we are tarketing the 25k mark.