BTC uptrend channel is broken
Updated
According to my previous analysis on BTC (tradingview.com/chart/BTCUSDT/iRXZPwPJ-BTC-Short-term-is-still-in-Bullish-Channel/) we tracked the BTC in a very nice uptrend channel, however, it couldn't resist and the channel is broken down last night...
So, now we need to watch on supports and figure out the next moves...
Please consider that the Supply of BTC is short and the demand of it is HUGE...
So, I believe BTC is still in a major uptrend channel and in the near future we can see the 50K BTC :)
Please let me know your idea...
So, now we need to watch on supports and figure out the next moves...
Please consider that the Supply of BTC is short and the demand of it is HUGE...
So, I believe BTC is still in a major uptrend channel and in the near future we can see the 50K BTC :)
Please let me know your idea...
Note
Jan 22, 2021 Update:The first support zone on $30,500 act as it should and held the price...
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