Bitcoin / TetherUS
Short
Updated

$BTC is in a Descending Channel.

177
BTC is in a Descending Channel.

Around 24th of January 2024, BTC started the descending channel journey. Currently, this asset is a smaller channel.

Overall, should we say BTC has been selling?
Anyway, $58K, $56K & 54K are some zones to look our for below the current price.

Risk management is still the king.
Trade closed: target reached
$58K TP hit

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.