It must cross the 50$ and the drawn resistance must be fixed on it.
It is currently moving within this valid uptrend channel.
If bearish pressure , the price will fall.
Ascending channel.This is just a possibility.
Ascending channel This is just a possibility.
to the midline of the channel compeleted.
Is Bitcoin breaking the downtrend line?
A hidden positive divergence is possible if the price Opened above 44,400 $ in the next candle. Which could raise the price to 47,500 to 48,500 and keep bitcoin out of the danger zone for now And re-enter the top channel.
Bitcoin has lost its good support level in the range of $ 234 and has completed the farewell kiss(pullback) to this level. If the negative situation of Bitcoin continues, it can correct up to 175 thousand to 195 thousand, and in that range, if the situation improves, up to 234 and. Then climb to $ 280,000. Otherwise, it can continue to fall to lower levels or...
According to a previous analysis and the completion of the Double Top pattern, the bitcoin close was above $ 45,000. With the positive hidden divergence that has occurred, Bitcoin can once again approach $ 50,000 and re-green the entire crypto market. What I think is likely is that the price will move between the midline and the ceiling of channel for a while to...
In the 4-hour timeframe, a Double Top pattern has occurred, which will reduce the price to $ 45,000, which is at the same price as the channel's midline support. Let's see what happens next.
Continuation of the analysis of BNBUSD: Assuming that the ascending channel is correct, it crosses the midline of the channel and is collecting energy after about 55% growth from the bottom of the channel. It can probably grow to the roof of the canal by forming a pattern of a corner or flag and It all depends on the transactions and growth of bitcoin up to 55...
For a while, it fluctuated inside a small rectangular pattern, and today, with the bitcoin crossing the $ 50,000 mark, the currency also broke its resistance and can now advance as wide as this rectangle. The next bitcoin resistance is $ 60,000. Bitcoin is the same as the cryptocurrency market index.
Personal Opinion: Be careful when buying crypto currencies now.
In my opinion, the currency being pullback to the ceiling is broken.