BTC scenario: strong upside potential

BTC looks to be moving inside a descending channel.
On the other hand, a long-term trendline could provide strong support to price action.

If current resistance holds, a compression area with a strong upside potential could be forming.

To be watched closely..

Comment:

We're currently testing the upper bound of the descending channel.
Since resistance seems to be holding, we could have some downside price movement in the near future.

I'll keep watching this: the stronger is price compression, the bigger will be the upside movement.