Bitcoin's local perspective 16.09.24

לפני 3 ימיםThe current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186.

At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one.

If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound.

If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.