Hello, dear TradingView members. This idea is a Bitcoin analysis for the Bulls.
Bitcoin has continued the downtrend and made another descending move. This update is to inform you about the local key levels which can cause pumps or dumps. There are two support levels on the way down and two resistance levels on the way up.
The 20K area would push down on price if it tried to back up as a pullback.
For deeper information read this chart:
Let me know if you guys have any questions; I will be more than happy to help.
Good luck, and thank you.
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Updated:
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Updated: What will happen next? Up or Down? Read here:
Here is a simple and CLASSICAL channel trade.