BTC is in a descending channel, which statistically, has a higher chance of breaking to the upside. Currently, price is at resistance.
If price breaks through resistance here, then I suspect price will head back up to the range high around $21,000 with continuation to
23K+ likely!
If price is rejected here, then the next level of strong support is at $20K. If price breaks below support, then the next area of strong support is $19,600!
If price breaks below support at $19,600, then I suspect we will see a move all the way down to the bottom side of the expanding wedge wherein we would likely make a new low, possibly just a wick low!
Do you think price is going to break out or continue down?
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---
This is not financial advice. It is imperative everyone conduct their own research prior to any trade and/or investment!
If price breaks through resistance here, then I suspect price will head back up to the range high around $21,000 with continuation to
23K+ likely!If price is rejected here, then the next level of strong support is at $20K. If price breaks below support, then the next area of strong support is $19,600!
If price breaks below support at $19,600, then I suspect we will see a move all the way down to the bottom side of the expanding wedge wherein we would likely make a new low, possibly just a wick low!
Do you think price is going to break out or continue down?
Please leave a like to show support and subscribe to keep up with all the latest and greatest charts!
Let's get this crypto!
---
This is not financial advice. It is imperative everyone conduct their own research prior to any trade and/or investment!
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Upon redrawing the bottom side support line of the expanding wedge formation, I see that price could easily come down to the low $18K ---> high $17K price zone!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.