BTC/USD : you need correction in a Bullish Trend

12 Ağu 2021

Hi every one
Bitcoin / U.S. Dollar

BTC/USD has Done a Impressive Bullish movement recently and a Bullish Trend Can't Be without corrections! so as you can see the Price is in an ascending Channel and The price has been ranging in this channel pretty convincingly. the reason that this channel is still Reliable is that there is a Regular Bearish Divergence on Both MACD and RSI indicators and since the price has already touched the top of the channel the odds of Touching the bottom of the channel is pretty High! the correction can be up to 42k.

summery:
-BTC is in an ascending Channel
-The corrections must happen
-(-RD) on Both MACD and RSI indicators(bearish signs)
-strong support at 42k.

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Have a nice day and Good luck