According to this channel, the current price of Bitcoin has landed on the middle line of the channel, which has a supportive and resistant feature.
If the price reacts to this line, we can expect Bitcoin to start moving up again in the coming days and even reach the previous price ceiling of $ 45,000.
But if the bitcoin does not react to this line and breaks the line downwards, there will be a possibility of further drops to the bottom of the channel. Of course, the price can be stopped in the minor middle support and does not reach the bottom of the channel.
So let's see how Bitcoin reacts to the middle line.