BTC / USDT 1D
Given that Bitcoin has touched a new price in the past few days, it has formed a channel ceiling with its previous peak.
Now, considering this channel, we can predict the possible trend of bitcoin to some extent.
1- In the first possibility, the downtrend will be reversed by hitting the support line of the center of the channel and will try to form a triangle in the upper half of the channel to continue its upward trend and create a new price record.
2- The downward trend breaks the support line of the center of the canal and continues to fall to the bottom of the canal, and after reacting to the support of the canal floor, we will see an upward trend.
Given that Bitcoin has touched a new price in the past few days, it has formed a channel ceiling with its previous peak.
Now, considering this channel, we can predict the possible trend of bitcoin to some extent.
1- In the first possibility, the downtrend will be reversed by hitting the support line of the center of the channel and will try to form a triangle in the upper half of the channel to continue its upward trend and create a new price record.
2- The downward trend breaks the support line of the center of the canal and continues to fall to the bottom of the canal, and after reacting to the support of the canal floor, we will see an upward trend.
註釋
After a few days, let's look at the bitcoin trend again.What do you think Bitcoin is going through?
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