BTC is testing the bearish channel top

As explained earlier, BTC overcame the first short-term resistance (MA (50)), pulled back and tested a second resistance zone close to MA (200). Once again, the resistance was overcome and after the pullback he went to test the top of the bearish channel, which formed around the 10th of May. At this time, BTC is testing the bearish channel top. This bearish channel or downtrend line has been tested a few times in the past few days. If it breaks, it will be necessary to support the downtrend line (before resistance).

wfaquieri

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Downtrend Line - BTC - the next resistance MA (200)

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Feragatname

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