FX.co ★ teagan.orn | #Bitcoin chart analysis

Thoughts on #Bitcoin. More like musings. On one hand, Bitcoin is behaving according to classic patterns. There was a local low with support on a strong support zone at the level 50 000 - 55 000 dollars per coin on the weekly chart. There was a takeout of the low. And then there are some small oddities. Usually, before a reversal or a continuation of the trend, there are three or more updates of the low or the high. This time one update of the low. After which the price tries to move into a reversal and a global rally. From here the question to ponder, will there be a global rally??? Or will the price take out the 80 500 level and go down??? Or is it still worth holding longs, awaiting the 100 000 per coin level? What are everyone's global thoughts. I somehow don't believe that, in the current geopolitical conditions, anyone will invest heavily in crypto.

Maybe we'll see this?