INDEX:BTCUSD   Bitcoin
#BTCUSD
$BTC have sideway moves inside an ascending parallel channel, price seems that reject from upper line in 1h chart. here in this zone BTC faced a strong resistance that include daily resistance line and a weekly resistance zone. a break out and close daily above this channel will prove more rally for #BTC.
but if price break down this channel, possibly price head down to $50k.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.