Btc is following a downwards channel. Currently facing a major resistance cluster at 55,000.
If price does follow this channel, we can expect to touch support cluster at 50,000 area, where we may see a double bottom form.
Critical support levels:
Horizontal support: 50,300
Institutional support: 47,500
Last critical support: 42,300
If we breakout of this channel resistance, 60,000 would be next target.
If price does follow this channel, we can expect to touch support cluster at 50,000 area, where we may see a double bottom form.
Critical support levels:
Horizontal support: 50,300
Institutional support: 47,500
Last critical support: 42,300
If we breakout of this channel resistance, 60,000 would be next target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.