BITCOIN : Where is the price floor (full analysis)

Hello friends

Well, the fall in Bitcoin has really scared the market these days, and that's why we had a sharp fall, as it turned out.

Well, if we examine the past price, you will see that there has always been an upward trend and sometimes we have had price corrections, and this is completely normal.

Before this drop, Bitcoin formed a double top pattern and the price corrected, and was again supported by the area indicated by buyers, and the price hit a higher ceiling.

But at the price ceiling, we witnessed weakness in buyers and, more importantly, a rounding of the price, which caused a heavy drop to 80,000. Now, after this sharp drop, the price is unlikely to go straight back up and make a new ceiling.

Now, after this strong spike by sellers, we can expect a descending range or channel.
What do we need to climb to?

Well, obviously the price needs to recover and buyers need to provide good support for the price, and first of all we see a range or channel, and then if they can break the channel or range, buyers can hope for a new ceiling. Otherwise, the price pivots we identified are the most important supports that the price can reach over time.
So, can we say that the rise is over?

No, nothing can be said with certainty. Maybe the price will bottom out at 70,000 to 80,000 and buyers will come in.

But in order to minimize the risk, we must move forward with the market and according to market behavior, not predict...

For this reason, it is not possible to say at this time that the price will go to a new ceiling from here because we do not see any buyers!!!
What is the solution?

Well, let's be logical: when the price goes down and Bitcoin becomes cheaper, better opportunities for buying are available to us, and we should take advantage of this situation and not enter the price ceiling emotionally and suffer losses.
Finally,

We need to see what the buyers' reaction is and if they want to support, then we can enter safely, not now that the Sharp price is falling.\

Be sure to observe risk capital management and do not get excited.

*Trade safely with us*