BTC is compressing in a falling channel: in my view in the short term it could retrace at least to the channel mid line (around 104k) maybe to the channel lower trendline (around 97,5 - 97,8k).
Once the channel will be broken BTC will reach final bullish cycle target in the range
(132,109k - 132.700k) , then bearish cycle will start in autumn
Once the channel will be broken BTC will reach final bullish cycle target in the range
(132,109k - 132.700k) , then bearish cycle will start in autumn
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.