Waiting on BTC to break above this downtrend channel.Daily candle close above this downtrend channel will lead BTC to new target of around 50k.
There's another scenario i.e. Broadening wedge pattern on daily chart which is also a sign of bullishness
Failing to break above downtrend Channel will lead BTC to hit new Lows
There's another scenario i.e. Broadening wedge pattern on daily chart which is also a sign of bullishness
Failing to break above downtrend Channel will lead BTC to hit new Lows
Note
Daily candle of BTC has closed below downtrend channel which is around 35k. Seems like BTC having trouble breaking those level which is also 0.5 fib level (35K). Failing to break above downtrend channel will lead to new lows for BTC. Target: 31.1K, 28.8K and 25K
Note
target of 31.1k been hit as btc rejected from downtrend channel, currently looking at this Note
another try to break through 35k and 0.5fib level
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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.