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Bitcoin exited a rising channel, drop to $20K?
Bitcoin
Short
Bitcoin exited a rising channel, drop to $20K?
By ChartCinema
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Updated
Feb 8, 2023
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Feb 6, 2023
Bitcoin just exited a channel on the 1 hour time frame. Volume appears to confirm loss of demand at the $23,000 level.
Hopefully,
BTC
finds support at $20,000!
Feb 6, 2023
Comment
I mislabelled the 200 EMA. It's actually for the 1-hour and not daily!
Feb 6, 2023
Comment
The Weekly does show a "death cross" of the 200 and 50 Week EMAs.
Feb 8, 2023
Order cancelled
Bitcoin does look bullish again! It re-entered the Pitchfork channel and On Balance Volume confirms demand.
bitcoinprice
Trend Analysis
Trend Lines
volumeanalysis
Volume
ChartCinema
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