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<div class="text-justify">The weekend ended with no major changes in the cryptocurrency market, however, I wanted to share a range/fall pattern in the Bitcoin price action that I have been observing since the first days of April that reflects high probabilities of a new pullback in the first cryptocurrency by market capitalization.</div>
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<div class="text-justify">Last April 5th when Bitcoin lost the $44,000 support, since then the Bitcoin price action started to show a range/fall behavior, action that repeats if we detail the 55 period EMA in a 4 hour time frame, where it can be clearly seen that every time the price bounces to the 55 EMA followed by the price depreciates reinforcing the bearish continuity.</div>
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<center><img src="https://i.postimg.cc/j2Dyp3gz/bearish-continuation-13.png"/></center>
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<td><center><a href="https://www.binance.com/es" rel="noopener" title="This link will take you away from steemit.com"> Binance </a></center></div></td>
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<div class="text-justify">On the 4-hour chart the Bitcoin price bearish continuation would coincide with many of the predictions on the projection that Bitcoin is going to break lower at any time until it finds an equilibrium zone that will allow it to attract new investors.</div>
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<div class="text-justify">Another noteworthy fact is that the Aroon indicator reflects that the Bitcoin trend is bearish, so this prediction reveals the selling strength prevailing in the market, however, even though the Bitcoin is in an important support area in the chart no change of trend is visualized, an element that confirms the high probability of bearish continuity.</div>
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<div class="text-justify">In this regard and in the midst of the current debate on whether Bitcoin will maintain its current bearish zone, I would like to know your own guesses on Bitcoin's price action and your prediction on the next price projection and trend.</div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
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<div class="text-justify"><h4>SOURCES CONSULTED</h4></div>
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<div class="text-justify"><strong> Cointelegraph </strong> The State Duma establishes the tax characteristics of digital financial assets. <a href="https://cointelegraph.com/news/bitcoin-addresses-in-loss-hit-all-time-high-amid-18k-btc-price-target?_ga=2.218033046.1482951663.1656809248-1312532238.1654894206" rel="noopener" title="This link will take you away from steemit.com"> Link</a></div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify">The cover image was designed by the author: @lupafilotaxia, incorporating image: <a href="https://www.binance.com/es" rel="noopener" title="This link will take you away from steemit.com"> Binance </a></div>
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<center><img src="https://i.postimg.cc/0Q6V76gq/Banner-Fuente-consultada-II.png"/></center>
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