Diamond technical pattern: Imminent correction for Bitcoin?

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By Jack Ferson

Amid the enthusiasm in the cryptocurrency sector, the Technical graph of Bitcoin He has left us a Diamond technical pattern According to him Crypto analyst Blackmore en x. Being able to lead to imminent correction towards 96,000/94,000 dollars.

According to the expert, this occurs when the price reaches local maximums or minimums, which could represent a temporary correction.

«It is a fairly complicated configuration, it is generally better to wait for it to develop before making a decision, instead of trying to anticipate the rupture of the structure … the technical objective for this is between 94,000 and $ 96,000,» said Blackmore.

In You, Cryptorn Question can behas been more pessimistic about Bitcoin by pointing to X that could experience a reversion the lack of impulse In the coming months.

“Bitcoin could go back or move laterally for months. I am not sure that the bullish cycle is over, since other on-chain indicators are still optimistic, ”said Ju.

But not everything is bad news, the Crypto Analyst Rekt Capital has also pointed out in X that Bitcoin could avoid a fall while defending the Support in 101,000 dollars.

“Bitcoin once again failed to close daily above the high resistance of the range of $ 106,000. Bitcoin has visited the lower limit of the range of $ 101,000 for a new setback. The new test is in progress at this time and any descending wick as part of a volatile test could take the price to the blue diagonal, ”added Rekt Capital.

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