#BTC
Expected correction for Bitcoin
Bitcoin is moving in an ascending price channel and has reached the bottom of the channel. It is testing the channel at 60300. If the channel is broken, we will head to the previously broken neckline at 58000-56000
If it bounces from this area, we will head to the 100% flat Fibonacci at the historical peak to test it
And I expect it to bounce back from it and then rise strongly, with the possibility of continuing to go down if it is broken.
Take appropriate action
Expected correction for Bitcoin
Bitcoin is moving in an ascending price channel and has reached the bottom of the channel. It is testing the channel at 60300. If the channel is broken, we will head to the previously broken neckline at 58000-56000
If it bounces from this area, we will head to the 100% flat Fibonacci at the historical peak to test it
And I expect it to bounce back from it and then rise strongly, with the possibility of continuing to go down if it is broken.
Take appropriate action
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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.
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.