Welcome back dear traders and investors!
We meet again, dear fellow investors. They have been quite positive movements in recent days, but I think we have left an account open at the restaurant and the waiter has come to charge us, or rather, to correct us.
I have wanted to call this new article "leap of faith" because the next movements and some of those that we are really appreciating in reality cannot be better described in any other way, remember that we know very little about what may or may not be a taxonomic possibility at this new historical high point.
Binance image edited in Photoshop CS5 What do we know?
Bitcoin exceeded 20k and reached a new high of $ 23,800 in various brokers denying 24k in the first instance.
Some banking and economic institutions decided to support Bitcoin's macroeconomic event so that it could beat 20k
Some whales are in a sales position waiting for the right moment
The stochastic indicator has been overbought for several days and it is essential that it reaches a balance
Bitcoin is news and everyone is watching it
Bitcoin is going through a wonderful, extraordinary period in its upward cycle, however, something that is not rare in this world is understanding a lot of uncertainty - and I must say - that there is a lot of it right now.
It is not a problem as such to fight against uncertainty, but against psychology and the state of panic (that is really dangerous). I have said it before and I am glad it was met, 20k was never the goal, but part of the growth journey, this is something that is checked every hour. However, there are those who propose in the trading groups that after the historical maximum the historical minimum can arrive, something that would make sense to me in a way, based on previous examples, together, there are different probabilities that indicate not to follow vicious patterns, but , an economic pragmatism, that is to say, that not necessarily Bitcoin must remain faithful to the commandments of the past, the 20k means many things and one of them is perhaps a "clean slate"
Situational / technical analysis
Bitcoin Market Whats Next?
- Investor groups have held back the correction for a long time and I fear that they will not be able to do so in the next few days, the correction is just as we are and it will come, of course it will!
- This new psychological point of 20k can be translated as an important barrier between what was and what will be, it hides the past and the future of the market, we are not yet clear about the fully accurate support and resistance, let's say which are just assumptions without historical thesis.
- Keep the following points in mind: 20k, 22k, 18k, 15k
- We do not know with certainty how strong the correction will be and how much its decline will mark. Will it be able to mark a new trend and break the upward cycle?
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