#BTC/USD
After the breakdown of the main ascending channel and a massive correction afterward, Now, #Bitcoin is trading in a descending channel. Bounced back from the lower trendline and now is fighting with the mid-line resistances.
#BTC is in a critical situation right now and both upward or downward scenarios may happen in the next hours/days.
There is a possibility for more dump and retest the main bull Support area again until we're under 46850$ resistance. So, we need to break all major resistances between 46850$~48360$ first to can start another upward move again.
⚠️ 42000$~43000$ area will be our last bullish stronghold for BTC and Breaking this area may cause huge downward moves and dangerous crashes for the Bitcoin.
📈 Resistances : 45900⚔️ - 46850 - 47850- 48360
📉 Supports : 45000🛡- 43000☠️42000
After the breakdown of the main ascending channel and a massive correction afterward, Now, #Bitcoin is trading in a descending channel. Bounced back from the lower trendline and now is fighting with the mid-line resistances.
#BTC is in a critical situation right now and both upward or downward scenarios may happen in the next hours/days.
There is a possibility for more dump and retest the main bull Support area again until we're under 46850$ resistance. So, we need to break all major resistances between 46850$~48360$ first to can start another upward move again.
⚠️ 42000$~43000$ area will be our last bullish stronghold for BTC and Breaking this area may cause huge downward moves and dangerous crashes for the Bitcoin.
📈 Resistances : 45900⚔️ - 46850 - 47850- 48360
📉 Supports : 45000🛡- 43000☠️42000