BTCUSD is currently inside a descending channel, with the 3.5k support level holding strong.
Take note of the support levels as indicated on my chart.
The 3k support level is a strong horizontal overlap support going way back to June 2017 and that is why many people are calling that level as a potential bottom.
Stochastic has still yet to hit its support and thus there is definitely room for a further drop.
Please follow, like if you agree with my idea and share with me what you think about it.
Thank you!
Take note of the support levels as indicated on my chart.
The 3k support level is a strong horizontal overlap support going way back to June 2017 and that is why many people are calling that level as a potential bottom.
Stochastic has still yet to hit its support and thus there is definitely room for a further drop.
Please follow, like if you agree with my idea and share with me what you think about it.
Thank you!