I recently came across an
interesting article discussing Bitcoin's current price movements and potential future scenarios.
It highlighted a possible drop and mentioned various technical indicators on both the
4-hour and
1-day charts. The piece also presented two possible scenarios:
- further decline
- potential recovery.
I’d love to hear your thoughts on how the technical indicators might influence Bitcoin’s next move.
In a statement that I have often read about the market conditions, especially regarding the Bitcoin price process to rise high requires a condition where it needs to decline to see the increase. It was accepted by my mind.
Technically found in the contents of the article is more directed to a prediction. Considering my knowledge of market price predictions is not so extensive, but I agree if we need correction but not too deep.
Beyond this context, there are causes that are concerned about me related to the notice of the market situation because some countries continue to do something to Bitcoin like holding a large amount so that when they sell most of the amount held will make the price change suddenly even though it is out of control and not prohibited.