InvestMate|Bitcoin Finally On The Rise ₿

₿ Bitcoin Finally On The Rise

₿ Just as I perfectly predicted in a previous post the start of increases on Bitcoin:

₿ Yes this time it is time to take another look at the chart from a slightly larger perspective considering the nearest support and resistance zones.

₿ As you can see, we are currently at a support zone determined by a cluster of three fibo levels. The first is 0.382 of the entire last downward wave to establish a new bottom. The second is 0.236 of the wave from the peak on 15.08.22 to the bottom on 21.11.22 and the third is 0.786 from the covid bottom to ath.

₿ Ahead is a strong resistance zone defined by a cluster of two fibo levels. The first is 0.618 of the last downward wave to the new bottom the second is 0.382 of the wave from the peak on 15.08.22 to the bottom on 21.11.22

₿ Given the developing uptrend and the fact that the MACD and RSI are presenting very bullish signals.

₿ It is safe to say that the road to 19k lies ahead.

₿ The scenario I am playing out is a continuation of the upward trend to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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