BITCOIN has been in an ascending channel for several years.
With a dynamic resistance that he touched twice before the bears entered.
And with a strong dynamic support, which every time it touched it turned the wheel and I entered bullish.
Inside the ascending channel, BITCOIN had an ascending support (blue line), and every time it broke, a bitcoin price fell.
In this ascending channel there is an axis (that red mini-channel), which behaved both as a resistance and as a support.
This time BITCOIN is exactly at the intersection with this axis.
There will be a big battle here: if it breaks down, there will be a hard time for bitcoin and the price can go much lower, even below $ 30,000.
Since May 2021, this red axis is a strong support. If he manages to get back from it, then we can hope that bitcoin will go to the heights soon.
With a dynamic resistance that he touched twice before the bears entered.
And with a strong dynamic support, which every time it touched it turned the wheel and I entered bullish.
Inside the ascending channel, BITCOIN had an ascending support (blue line), and every time it broke, a bitcoin price fell.
In this ascending channel there is an axis (that red mini-channel), which behaved both as a resistance and as a support.
This time BITCOIN is exactly at the intersection with this axis.
There will be a big battle here: if it breaks down, there will be a hard time for bitcoin and the price can go much lower, even below $ 30,000.
Since May 2021, this red axis is a strong support. If he manages to get back from it, then we can hope that bitcoin will go to the heights soon.
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