The monthly on btcusd.

2 באפר׳

The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support is in the 58k USD area, although between 63k and 61k USD there is another interesting area. What is striking is the fact that only in the January candle there was a correction, so looking at the fractal you notice similarities more with the bullish movement of 2016/17 than with the previous one 2020/21. Perhaps a new paradigm given that the main players in this market have changed.