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mapav
Oct 11, 2021 6:06 PM

Two BTC scenarios for near future: rejection or breakthrough 

Bitcoin / TetherUSBinance

Description

I am bullish on BTC, but on a very short timeframe there is a scenario for bearishness.

This idea displays the movement of BTC in a parallel channel, in two possible scenarios.

Scenario 1: we get rejected at a critical zone of resistance around 58,500, at which point we move downwards for a final correction before bouncing up again to break ATH within channel.

Scenario 2: we break out of the channel and break the critical resistance at 58,500 and move towards ATH.
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