Hello Traders!
As price is moving within a downward-descending channel, which suggests a bearish trend.
The chart labels this pattern as a Descending Channel, which typically signals continued downward movement unless a breakout occurs.
Bitcoin is currently priced at $97,680.
A breakdown from the descending channel, leading to lower price levels.
The target price is set at $84,020.27.
The price is expected to test the lower boundary before breaking further down.
If BTC breaks below $92,604.67, it may trigger further declines toward $84,020.27.
Alternative scenario
May wait for a breakout above the descending channel to confirm a trend reversal.
If BTC breaks upward, a move toward $100,000+ could be considered.
Thanks
Regard: PipsOptimizer
As price is moving within a downward-descending channel, which suggests a bearish trend.
The chart labels this pattern as a Descending Channel, which typically signals continued downward movement unless a breakout occurs.
Bitcoin is currently priced at $97,680.
A breakdown from the descending channel, leading to lower price levels.
The target price is set at $84,020.27.
The price is expected to test the lower boundary before breaking further down.
If BTC breaks below $92,604.67, it may trigger further declines toward $84,020.27.
Alternative scenario
May wait for a breakout above the descending channel to confirm a trend reversal.
If BTC breaks upward, a move toward $100,000+ could be considered.
Thanks
Regard: PipsOptimizer
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.