Hello
Bitcoin does not have good conditions in the weekly time. In the most optimistic case, we can assume that breake the channel is fake and expect the price to return to the channel(Which is not very likely). In the next case, the price will probably hit the next support level and then the pullback will go to lower levels.
But it may stop at the $ 40,000 (zone) support level and make a time correction.
This is just my personal expectation and to show the general situation of the market, please comment
Thanks
Fayyaz Salehnezhad
Bitcoin does not have good conditions in the weekly time. In the most optimistic case, we can assume that breake the channel is fake and expect the price to return to the channel(Which is not very likely). In the next case, the price will probably hit the next support level and then the pullback will go to lower levels.
But it may stop at the $ 40,000 (zone) support level and make a time correction.
This is just my personal expectation and to show the general situation of the market, please comment
Thanks
Fayyaz Salehnezhad