Bitcoin was very close to reaching its historical high when selling pressure emerged. Not only did the growth halt, but the movement reversed direction. If buyers fail to take action, the price could accelerate significantly lower.
This development could also invalidate the предполагаемый wave scenario. Currently, the observed decline is viewed as a corrective pullback, from which a breakout to new historical highs is expected after some time.
For safer entry into buy trades, it is recommended to wait for a breakout of the local high established the previous day.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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