ðBtc is currently forming a bullish pennant and is in a consolidation phase.We can anticipate a breakout in the upward direction, which could lead to a significant bullish move.
ð Another key observation is that BTC is closely following an upward channel and maintaining a strong position above the 50 EMA, indicating potential upward momentum.
ð However, given the current market uncertainty, if a downward breakout from the pennant occurs, the market could experience a downward shift of approximately -17%.
ðIn the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.