#BTC (Update)
In Daily timeframe, Bitcoin is Still Moving inside the Channel.. (So far So Good)
+19% correction so far since 9th November High which was Necessary for Healthy Trend ✅
Now, Ascending Trendline, Ichimoku Cloud & Fibonacci 61.8% (53,7k) are Acting As Key Support & RSI indicator is Also Moving above the Trendline Support 📈
If Bitcoin Remains Inside the Ascending Channel & Above the Fibonacci 61.8% (53,7k) then December Will be Bullish for Bitcoin & crypto. (Expecting New ATH)
In Worst Case, If Channel broken Downside, Bitcoin Might Retest the 38-40k Support Area..✍️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.