Bitcoin - Downward Channel Breakout Coming Soon! This is growth!
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, let's go over bitcoin from the technical side again.
I previously shared this channel when the price was flying to confirm it from below, but it never happened. But we have confirmed another pattern - "Bull Wedge". You can also find it in the feed.
So, if we talk about the downward channel that we see on the chart, then it is likely that this week we will be able to confirm the upper boundary of the formation and even go beyond this channel. This could trigger a rally and a breakdown of resistance at $27,500 and above!
There is also another scenario. If you look at the last three daily candles, which I have underlined with a black line, then you can consider them as temporary support. We are now seeing a small bounce off the $27,160 level, which could take us back to the temporary support zone in the $26,250-$26,300 range.
Friends, let's go over bitcoin from the technical side again.
I previously shared this channel when the price was flying to confirm it from below, but it never happened. But we have confirmed another pattern - "Bull Wedge". You can also find it in the feed.
So, if we talk about the downward channel that we see on the chart, then it is likely that this week we will be able to confirm the upper boundary of the formation and even go beyond this channel. This could trigger a rally and a breakdown of resistance at $27,500 and above!
There is also another scenario. If you look at the last three daily candles, which I have underlined with a black line, then you can consider them as temporary support. We are now seeing a small bounce off the $27,160 level, which could take us back to the temporary support zone in the $26,250-$26,300 range.
