Hello, community members welcome to another BTC/USDT chart update.
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As we can see from the above-mentioned chart that BTC is on the way to printing its other low. Bitcoin has Been Consolidating in Descending channel pattern for the last 244 days.
if BTC is able to sustain and holds this lower trend line again then we can see a fast recovery towards the price level of 34k which is the price zone at the upper trend line resistance.
The candle close below will lead BTC to print another low which can be 12K - 18k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Again good Double-edged analysis. The stakes are rather high this time - don't you say? Essentially you are saying that this fork in events is a choice between 12,000 $ BTC and 34,000. Quite a fork that is...
Essentially you are saying that this fork in events is a choice between 12,000 $ BTC and 34,000.
Quite a fork that is...