BTC / USDT (Interval 1D, 1M)

1D Review

On a daily chart price is moving inside ascending channel, Last time price bounced back from the bottom of channel and went to the top but was unsuccessful in breaking out. This time price will attempt to break down from the channel once again and if successful then we are in for lengthy bearish trend.

1 Month Review

On a monthly chart we see a bearish MACD after 2 years and 1 month which suggests that the bearish trend will be minimum 2-3 months, Maximum 6 months to 1 year. Further confirmation will be done after a week on monthly close.