Is $btc Bitcoin's Channel about to do the Most or the Least?
Updated
Bitcoin is in a Very huge falling channel!
Current Price: 65600
BTC Price action has rejected upper trend line Resistance 6 times - steadily creating lower highs.
Currently, Price action is at this Major resistance. Will it reject again? It remains to be seen!
A break above this major resistance will lead to ALL time highs and a continuation of the bull run.
BTC Up Resistances: 70.4k, 74.8k, 80.2k
Note: #BTC remains bullish if price action stays above the 200EMA (red Moving Average)
Another rejection of this upper channel resistance will lead to down supports up to 50.5k.
What will it be?
Current Price: 65600
BTC Price action has rejected upper trend line Resistance 6 times - steadily creating lower highs.Currently, Price action is at this Major resistance. Will it reject again? It remains to be seen!
A break above this major resistance will lead to ALL time highs and a continuation of the bull run.
BTC Up Resistances: 70.4k, 74.8k, 80.2kNote: #BTC remains bullish if price action stays above the 200EMA (red Moving Average)
Another rejection of this upper channel resistance will lead to down supports up to 50.5k.
What will it be?
Note
Price action has broken out of Channel resistance...Note
70kTrade active
up targets all hit!Note
BTC price action remained above the 200ema which is bullish
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.