Just like predicted last week when the price of BTC was forming a top at the upper boundary of the formed ascending channel, the price dropped all the way down till $40k area of support of the illustrated channel. Now, some patience is needed, as before jumping or dropping, beginning to impulse, the price always consolidates for a bit and forms a top/bottom pattern. We are expecting for the price to drop a little bit below the area of support, complete the "liquidation phase", and form a valid bottom before it can continue growing and reach the top barrier of the ascending channel.
Related publications
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.
Related publications
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.