At the start of the year, it was already apparent: Bitcoin is making a turn, and it's downwards. Not even the strength for 49,000 could it muster last week. We'll review the analysis from January 6th and adjust to better pinpoint the next targets.
In the last analysis, the Gann predicted a drop into the overarching highly volatile area. With the possibility of a preceding run-up to 49,000, it managed to reach up to 44,000 before running out of steam.
We adjust the fractal and move into the subordinate Gann to measure the next supports.
Subordinately, we have the first possibility of a bottom formation between 32,250 and 30,000 with a trend reversal around March 10th at 1 AM.
WIZGuide!
Dive into our comprehensive BitBlockWizard Guide and discover how you, as a trading beginner, advanced trader, innovative artist, or dedicated member of our Society Circle, can find your unique place in our revolutionary NFT ecosystem!
