We have take this assumption that in the recently bullish advance of BTC from 9 June 2021, it is going to create an ascending price channel. Such a channel could have various consequential scenarios.
Bullish Breakout Scenario: to realize such a scenario, there should be - An ascending convergence in RSI and MACD - High Volume than the last bottom of the pattern to accelerate the bullish bias of the breakout.
Bearish Breakout Scenario: to realize such a scenario, there should be - An increasing divergence in RSI and MACD - Low Volume at the last High and high volume in the Breakout trough to make a bearish breakout.
We will find 36K and 34K as high support zones and $42 to 44K as bloody resistance zones.
We all love Bitcoin be bullish since it makes everyone smiling.
Note: This is just an idea and not an advice. Trading of cryptocurrency is highly risky and full of potentials for high and low prices, suddenly.
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