Is It Time for Bitcoin to Take a Holiday? Exploring Cryptocurrency Trends

I anticipate a period of relative stability for the next six months, drawing from past trends in 2020 and 2016. I have taken some profits once more and plan to reinvest at each Fibonacci level. Now seems like a good time to relax and enjoy some sunshine and vacations in the northern hemisphere.

More reasons to consider this delay in action include the 100 MA 4-hour crossing above the 200 MA 4-hour, as well as the 100 and 200 MA 4-hour breaking through.

We are nearing our initial target, and I believe the price lows from this past weekend will likely be revisited soon.

First target has been reached and the initial refill has been completed here. This momentum has the potential to propel us towards the Daily 100 Moving Average at 57k. Beyond this point, I anticipate a steady course with no further downward movement, but I remain open to all possibilities.

Ok, I do not anticipate the price dropping below this Fibonacci level. I will wait until Monday to confirm this, especially with the potential for panic selling related to the upcoming halving event. Additionally, I am keeping an eye on the geopolitical situation. If everything looks promising, I will share a new analysis on Monday. Stay tuned.

This trade is still active, and the price action is closely aligning with the initial upward arrow as anticipated.