Bitcoin could be in an accumulation phase as we are getting support from the higher low trend line, and it is holding the $45K-$46K level, which is one of the highest areas on the Volume Profile.
Hello friends Bitcoin now forms a lucrative pattern in the daily chart. If the resistance fails, the price of Bitcoin can go down to $ 42,000 Or close to the price of 42 shades. Since we have strong EMA 200 support at $ 42,000, we expect the price to return from this level. If Bitcoin support fails, it will decline. You will be responsible for using this analysis.
Looking at the BNBUSDT chart, we can see the pattern of two peaks in which the resistance line has been broken and is expected to reduce the marked price.
BTCusd short Given the falling RSI, and the curve chart is completing the twin pattern, it can be concluded that Bitcoin is in a collapse in price, and this decline could bring Bitcoin down to $ 5,000. Of course, the 6000 can be good as a deputy, but if they fail, the price will enter the channel of 5000.