After the last pump, what should we expect from Bitcoin?

$BTC, since the moment it fell below $60,000, I've been telling you that it's a very bad signal and you shouldn't rush to establish new positions. As expected, the price dropped to $53,000.

Bitcoin has successfully returned to the $60,000 level on the weekly chart, but we are now facing strong resistance at the $64,000 level, which was the level before the drop to $53,000.

Possible positive scenarios:

1) BTC has transformed the range from $64,000 to $60,000 into a new range and continues its boring trend within this price range. Unless it falls below the $60,000 level, our target will remain a new high no matter how long we linger at this level.

2) If the price easily breaks through the $64,000 resistance level after negative funding and Trump news, it means the market is suitable for adding new high-risk investments. I will invest the remaining cash in the market above this resistance level. The $68,000 and $72,000 levels will be the permanent resistance levels we encounter above $64,000.

Negative situation

1) BTC received a strong reaction from the 64,000 resistance level, and there is still a deviation in the trend of breaking through 60,000 points on the weekly chart, as shown in the gray box. We are starting to move towards the green box below again, i.e., the demand zone at 52,000.

2) As 52,000 points is a clear support level, they may want to shake off new investors by dropping the price below this level. Frankly, I don't think we will see it drop below 52,000, but for those who are wondering, the 46,000-47,000 range is a perfect cost area for me.

Don't rush to buy AltCoin, most of them are approaching historical lows. Stock prices have dropped by more than 50% in the past few months, so you won't miss anything. If necessary, you can increase by 10-15%, but don't stay put.