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Welcome to this quick BTC update.
BTC is currently trading below $20k level. It is forming an expanded ascending channel in the daily time frame and currently near the lower trendline of this channel. Last 3 times when price came in this range then we saw a good upside movement from here. So if BTC holds this trendline this time also then we can expect some bounce.
Any daily close below this trendline ($19k) will be very bad for BTC.
What do you think guys?
Do you think that we might see a bounce from here or do you think that we see more drop from here?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
BTC is currently trading below $20k level. It is forming an expanded ascending channel in the daily time frame and currently near the lower trendline of this channel. Last 3 times when price came in this range then we saw a good upside movement from here. So if BTC holds this trendline this time also then we can expect some bounce.
Any daily close below this trendline ($19k) will be very bad for BTC.
What do you think guys?
Do you think that we might see a bounce from here or do you think that we see more drop from here?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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