Hello traders,
In this idea you can see that the BTC price on the daily chart (24H) is resisting for a while at the same level where it was 2 months ago around 598,907 level. As for new the price moved from a bigger channel into a smaller channel as you can see the marked areas in yellow.
At this point for long term holding it is in my opinion better to avoid as it will decide to move into a short or go to the previous highs from here.
*This Analysis is for educational purposes only and is not financial advise.
In this idea you can see that the BTC price on the daily chart (24H) is resisting for a while at the same level where it was 2 months ago around 598,907 level. As for new the price moved from a bigger channel into a smaller channel as you can see the marked areas in yellow.
At this point for long term holding it is in my opinion better to avoid as it will decide to move into a short or go to the previous highs from here.
*This Analysis is for educational purposes only and is not financial advise.