BTC had around a 40% correction since ATH. This correction has placed BTC outside of the ascending channel. This bearish move is expected in this volatile market. We have two trendlines shown on my chart that will be the next big test. If we can close above these lines then we can expect BTC to continue its growth to new highs. If we get rejected and fall below the previous low, I can see another retest of the low 30k range. You'll also notice the resistance line shown on the RSI. Previously, once BTC breaks above that, a very bullish move follows. Let's see how this plays out.
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Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
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Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.