BTC Weekly VS Daily
We are in a weekly upward channel and a daily downward channel.
The downtrend channel and the 40K range, which are almost in the same range, can be a strong resistance for Bitcoin, and if corrected from this area, the price could drop to 34,000.
In the case of a weekly bullish channel, the price of bitcoin can fall in the range of 29K-30K.
If Price can break 40K-41K area, the price can rise to 46K area.
The downtrend channel and the 40K range, which are almost in the same range, can be a strong resistance for Bitcoin, and if corrected from this area, the price could drop to 34,000.
In the case of a weekly bullish channel, the price of bitcoin can fall in the range of 29K-30K.
If Price can break 40K-41K area, the price can rise to 46K area.
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.