📉Bitcoin has entered yet another correction phase within its long-term rising channel, following the same rhythm we’ve seen in previous cycles.
Each major correction (highlighted in red) has historically been followed by a strong bullish impulsive move from the lower blue trendline, and this time, price is once again testing that key structural support.
🔁If history repeats itself, this could be the final retest before a major rally toward the upper boundary of the channel, potentially aligning with the next cycle’s exponential phase.
Will Bitcoin bounce from this level one more time, or is a deeper correction still on the table? 👀
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
Each major correction (highlighted in red) has historically been followed by a strong bullish impulsive move from the lower blue trendline, and this time, price is once again testing that key structural support.
🔁If history repeats itself, this could be the final retest before a major rally toward the upper boundary of the channel, potentially aligning with the next cycle’s exponential phase.
Will Bitcoin bounce from this level one more time, or is a deeper correction still on the table? 👀
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.