The price, time, and pattern indicate the end of an ABC correction. I expect bitcoin to move to a new price top after that. Also, if this analysis is not accurate, I expect at least as much as 50% of the retracement fibonacci of the ABC pattern to rise, ie around 50,000.
The price seems to be at the end of a correction triangle wave. The divergence in the RSI indicator as well as the decrease in trading volume during the correction wave confirm this analysis.
It seems that we are in the final weeks of the correction pattern.
See the "update idea" section to see the appropriate entry time for the sale position in H1 timeframe..
See the "update idea" section to see the appropriate entry time for the sale position in 1 hour timeframe.
See the "update idea" section to see the appropriate entry time for the sale position in 15 min timeframe...
In the last few days, the distance between the bottoms has been a maximum of 16 candlesticks, and this difference is 15 candlesticks for the last two bottoms, considering that the price is at the bottom of the channel and in a strong resistance area. The price will probably start to rise in the next few hours.