BTCUSD in new descending channel

27 Mar 2021

As we can see we are near strong resistance and pressure of trendline
we talked about the strength of this trendline before and price react well when is facing this resistance :

so what is expected here after facing strong resistance is red Arrow to continue and market to rest here and reaching target:51000

But this important structure is bullish structure and if completed and we have breakout and price go above the channel then we would have continuation of rise and even maybe new all-time high and targets like :66k or 70k
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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