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The candle closing pattern looks quite boring. For the first time in over 2 years, the monthly frame $Btc shows a bearish divergence pair. When this pair appears, the price can either follow the trend or not, but the final outcome is always correct. A typical example is September, which showed this pair on the weekly frame, but the price still trapped up to 126 before crashing. Quite negative.
However, the current scenarios still do not look like a path back to 30 as some of you view. Maxping hovering around plus or minus 60 is the most ideal.
If the price moves up from here or returns to 74 then rises, the peak will only hover around 150k, completing either this year or next.
If the price gains more momentum towards the early 6s, or even the early 5s, it may sound painful, but the price will increase more healthily, sustainably, and the all-time high is an open number.
1/1 already, will there be any new updates soon, guys? Maybe just go to Exness and aim for x2000 😅
#VanMei