Bitcoin entered the channel after a falling spike. Although Bitcoin was able to break the ceiling of its downward channel, this failure did not have the necessary energy to continue. It seems that considering that Dominance Tether is close to the ceiling of its trading range. Bitcoin will probably climb up to the specified target and then reach the next set targets by breaking the bottom of its descending channel.
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.