#BTC/USD Update
#BTC/USD
After the breakdown of the main ascending channel and a massive correction afterward, Now, #Bitcoin is trading in a descending channel. Bounced back from the lower trendline and now is fighting with the mid-line resistances.
#BTC is in a critical situation right now and both upward or downward scenarios may happen in the next hours/days.
There is a possibility for more dump and retest the main bull Support area again until we're under 46850$ resistance. So, we need to break all major resistances between 46850$~48360$ first to can start another upward move again.
⚠️ 42000$~43000$ area will be our last bullish stronghold for BTC and Breaking this area may cause huge downward moves and dangerous crashes for the Bitcoin.
📈 Resistances : 45900⚔️ - 46850 - 47850- 48360
📉 Supports : 45000🛡- 43000☠️42000
After the breakdown of the main ascending channel and a massive correction afterward, Now, #Bitcoin is trading in a descending channel. Bounced back from the lower trendline and now is fighting with the mid-line resistances.
#BTC is in a critical situation right now and both upward or downward scenarios may happen in the next hours/days.
There is a possibility for more dump and retest the main bull Support area again until we're under 46850$ resistance. So, we need to break all major resistances between 46850$~48360$ first to can start another upward move again.
⚠️ 42000$~43000$ area will be our last bullish stronghold for BTC and Breaking this area may cause huge downward moves and dangerous crashes for the Bitcoin.
📈 Resistances : 45900⚔️ - 46850 - 47850- 48360
📉 Supports : 45000🛡- 43000☠️42000
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.