BTC had apparently been trading on a bullish channel. On June 22, the upper limit of the channel was broken, culminating in the peak of June 26. From then on, a movement of price correction began. Right now (July 2, 18:06 GMT -3), the price of the BTC seems to seek a reaction. Let's see if prices continue to trade within the channel boundaries. MACD analysis suggests that the correction movement should continue.
Two moving averages are represented in the graph: EMA 50 and EMA 200. These two averages are often used by BTC analysts. The fastest (EMA 50 - orange) is near the bottom of the channel. Since March 25 the price of the BTC does not touch this line.
Two moving averages are represented in the graph: EMA 50 and EMA 200. These two averages are often used by BTC analysts. The fastest (EMA 50 - orange) is near the bottom of the channel. Since March 25 the price of the BTC does not touch this line.
Comment:
P.S.: Due to the BTC parabolic movements, the breakout of the uptrend channel is only a matter of time.
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