This 15-minute BTC/USD chart shows a rising channel formation that has recently been broken to the downside, indicating potential bearish momentum. The price is currently testing a long-term ascending trendline, acting as a critical support zone around $118,600–$118,800. A breakdown below this trendline could lead to further downside, while a bounce could suggest bullish continuation. The curved arc drawn also hints at a rounding top pattern, reinforcing possible short-term weakness.
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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.