BTC: POTENTIAL ASCENDING CHANNEL FORMATION!
Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this BTC quick update.
BTC is forming an ascending channel in 1hr and trading near the support trendline.
We can expect another bounce soon if it holds this support trendline and green support box.
Invalidation of the bullish scenario is if it breaks and closes below the support box (65.8k)
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this BTC quick update.
BTC is forming an ascending channel in 1hr and trading near the support trendline.
We can expect another bounce soon if it holds this support trendline and green support box.
Invalidation of the bullish scenario is if it breaks and closes below the support box (65.8k)
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Related publications
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.