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
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.