Hello, community members welcome to another BTC/USDT chart update.
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As we can see in the above-mentioned chart that if we consider the falling parallel Chanel pattern then BTC is falling down for the last 233 days after recording a current ATH.
Currently, BTC is trading on the lower trend line of parallel Chanel, and consolidation is expected between the price range of 18k - 20.5k.
RSI also moving downside by following the parallel Chanel.
As we can see bears are in charge and BTC can move down towards the price levels of 16k in the upcoming weeks.
Let’s see how it goes in the upcoming weeks.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.