A practicing trader and founder of the project Crypto Shaman Vadim Shovkun.
According to the previous review, Bitcoin drifted to around $20,000. It took a little longer for this to play out; the price wandered in a flat for quite a while, but the weakness in the first cryptocurrency did indeed play out.
At the moment Bitcoin continues to move in an upward channel. But it began to fall quite quickly from its upper boundary, which, as a rule, does not lead to an immediate breakout.
The lower boundary of the channel intersects precisely with the PoC, which the price should also “feel”. The fact that it has started meeting resistance is visible in higher volumes.
Here the crucial reversal point is important. If Bitcoin settles on the four-hour timeframe below the $20,700 mark, the breakout of the upward channel and the PoC can be called “true” and expectations would lean toward a decline to $18,000-$19,000.
For now, a micro-flat is expected, with attempts to return to $23,400.
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