BTC/USD
The Bitcoin chart reacted strongly after the onset of the intense trade war between the US and China, experiencing a sharp decline. Currently, the price is moving sideways near the bottom of the bearish rally. In this analysis, we aim to examine all aspects of Bitcoin’s price movements and possible scenarios using a multi-timeframe approach.
As observed, the price chart is in a long-term bullish wave, where after each sharp upward rally, it undergoes a price correction, typical of financial markets (it is currently in one of these corrections). If you pay close attention, the recent correction formed a classic triple-top pattern. Thus, even before the announcement of US tariffs against China (trade war), the likelihood of a price decline was understandable and evident H1/H4 Scenarios (Bullish/Bearish) and Tips for Holders/Traders in Full PDF. For the full version, send a message to X (Twitter) or Telegram or email [email protected] @Trader_forexmarket
