Price action has reached the support of the rising channel we identified a few days back, you can view that here. Now BTC has a decision to make and it is to stay in the channel and continue on a gradual climb, or break this trend and move back to range low.
If we stay in the channel, I am looking for a gradual move all the way up to the top trendline (~36.5k). If we break this trend, then I’m looking for the range low at 33.5k to be our primary support level.
Price action has reached the support of the rising channel we identified a few days back, you can view that here. Now BTC has a decision to make and it is to stay in the channel and continue on a gradual climb, or break this trend and move back to range low.
If we stay in the channel, I am looking for a gradual move all the way up to the top trendline (~36.5k). If we break this trend, then I’m looking for the range low at 33.5k to be our primary support level.