BTC/USDT
Bitcoin price is currently traversing an almost long-term descending channel (red channel). Until this channel is broken in the upward direction and the price stabilizes above it, we cannot expect a strong upward movement in the crypto market. We now have a nice support zone at $16,000 which can be encouraging. On the other hand, according to my analysis, the price can drop to the range of $11,000, in which case a very ideal investment opportunity will emerge.
Current serious resistances are also highlighted in red in the analysis.
good luck
Current serious resistances are also highlighted in red in the analysis.
good luck
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