Bitcoin Facing Profit-Taking

Bitcoin retreated significantly, moving away from its recent gains within the expected bearish context, touching the official goal of re-testing published during the previous analysis at a price of 46,320, posting the lowest at 44,943

Today, we tend to descend, relying on the clear negativity patterns on Stochastic, as long as it confirms the breach of support level 49,800, targeting 49,350.

Trading above 50,960 leads the price to achieve gains that extend to 51,450.

Note: The level of risk is very high and does not match the expected return, and all scenarios are on the table.