Today we start the analysis of Bitcoin with different parallel channels.
The first channel (gray color) started from the summer of last year and defines the price floor. A scenario that shows that Bitcoin will touch 31 thousand dollars in the worst case, which in my opinion will not happen.
The second channel (blue color), which is actually twice the size of the first channel, displays the ceiling of Bitcoin, which is around $51,000. Crossing the ceiling and floor of each will cause Bitcoin to move towards a new target
The third channel, marked in red, shows the ceiling of $64,000, which will be reached if it crosses the blue channel of Bitcoin.
The first channel (gray color) started from the summer of last year and defines the price floor. A scenario that shows that Bitcoin will touch 31 thousand dollars in the worst case, which in my opinion will not happen.
The second channel (blue color), which is actually twice the size of the first channel, displays the ceiling of Bitcoin, which is around $51,000. Crossing the ceiling and floor of each will cause Bitcoin to move towards a new target
The third channel, marked in red, shows the ceiling of $64,000, which will be reached if it crosses the blue channel of Bitcoin.
Trade active:
It seems that the price has reached its bottom in the channel and the next goal is to reach the midline of the channel
Trade active
Trade active
Trade active
Trade closed: target reached