Bitcoin should decide a direction soon
Since the beginning of the year, Bitcoin is trading in a parallel channel between 35 and 45.
However, the last drop stopped before the low of the channel, at 37.500, and the new range formed between 37500 and 42500 now.
A break should follow this tightening that can provide direction for the next period.
A break above 42500 would expose 45 zone and 52k furthermore.
On the other hand, a break under 37500 could lead to a new low of around 30k with 35k as interim support.
However, the last drop stopped before the low of the channel, at 37.500, and the new range formed between 37500 and 42500 now.
A break should follow this tightening that can provide direction for the next period.
A break above 42500 would expose 45 zone and 52k furthermore.
On the other hand, a break under 37500 could lead to a new low of around 30k with 35k as interim support.
📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
t.me/FanCryptocurrency
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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