Bitcoin is touching the bottom support in the current channel. Will the support hold and push the price up again or will it break and go further down?
If the price break the current structure, BTC could suffer more downside correction.
Could the price action do a repeat of what happened back in Jan 25th?
If the price break the current structure, BTC could suffer more downside correction.
Could the price action do a repeat of what happened back in Jan 25th?
Trade closed: target reached
If price comes back down for another re-test on the support it could turn bearish. Otherwise, if we go sideways for a while, we could see price push up towards and beyond 10k.