If Bitcoin manages to stay above the Ichimoku cloud, we could expect at least one more attempt to break through the resistance at 94k
$BTC 4h

Both $BTC and Total have triggered bearish signals on the weekly chart ⚠️

Bitcoin has been rejected twice from the 0.618 Fibonacci retracement level
Former support becomes resistance
A textbook and expected pullback
$BTC 1D

Buy Signal 🟢
Indicator: OBV Trend
Price when the signal was triggered: 91.3K
$BTC 12H

Buy Signal 🟢
$BTC 4h

Bitcoin is trading between the VAL at 92.5k and the HVN at 84.2k, simultaneously filling the volume gap in this area
Let's keep it simple: bullish above VAL and bearish below HVN
$BTC 1D

These Fibonacci retracement levels are support and resistance once again
$BTC 1D

This is an encouraging chart. Since the capitulation in 2022, Bitcoin hadn't experienced one on the weekly chart. The red bubbles are market sell orders
As you can see from the last bearish capitulation event, when the pressure from market sell orders ceases, it means a bottom has formed
This doesn't guarantee that Bitcoin will rise to previous levels, but it's definitely the type of bottom needed to create a new base for expansion
$BTC 1W

There's still no Coinbase Premium
There's still selling pressure, although it is being absorbed
$BTC 4h

I know, I know, the correction has been brutal
Thousands of traders and billions liquidated
Everyone is already saying we're in a bear market. They may be right
BUT technically, the correction is within the normal parameters of Fibonacci retracement
Crypto Total Market Cap is still holding above the 200 EMA, 200 MA, and it has not closed a weekly candle below the previous all-time high from November 2021 at 3.01T
TOTAL 1W