BTC on a critical spot of Price Ch

8 Eki 2022

BTC reached the upper edge of a downtrend price channel. It has a robust support beneath and a resistant above. The resistance is both triangle down hypotenuse and upper line of down trend. As for the support, it is a historical support that started from 2017 and BTC respected it multiple times. The support likewise can be also seen as the triangle leg. You can also notice the formation of H&Ss which I did not highlight in the chart.