Hi everyone. Today with yellow lines we have marked the channel in which the BTC price is currently moving.
As you can see, we have two important zones: -first is the support line on which the price is currently based at $ 23,021, then we have a support zone ahead of the price which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around 12,000 dollars. - the second is a resistance zone, we have from $ 24,696 to $ 26,196. A break from this zone may result in further increases towards the resistance at $ 28,754.
Currently, the price on our channel is shifting nicely to the side, which could potentially be used for short-term licks. Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we have entered a local downward trend. Remember, however, that this is not investment advice.