Bitcoin analysis
Updated
There are two scenarios for Bitcoin in the short term :
1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k
2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k
The most important area is 45600 which is the midline of the ascending channel if bitcoin can stabilize below the midline first scenario will be reachable
1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k
2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k
The most important area is 45600 which is the midline of the ascending channel if bitcoin can stabilize below the midline first scenario will be reachable
Trade closed: target reached
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