BTC TA, NEXT MOVE! UP OR DOWN? 🤔
Based on the chart, bitcoin is now in a parallel channel and in an uptrend. It's always better to follow the trend but is it forever up?
Let's explore the next move then:
We can see that there is two weekly resistances and Both at the top of the channel and that is considered bearish. 🐻
This could be the last chance to break that 41k level and close above it otherwise we might do a small visit at the 36k level. 👀
If we close above that 41k we will look for the next level -> the 43k one ( the second weekly resistance ) and if we do break it, we would aim for 46k. 🐂
I will share a new scenario when this move ends.
Let's explore the next move then:
We can see that there is two weekly resistances and Both at the top of the channel and that is considered bearish. 🐻
This could be the last chance to break that 41k level and close above it otherwise we might do a small visit at the 36k level. 👀
If we close above that 41k we will look for the next level -> the 43k one ( the second weekly resistance ) and if we do break it, we would aim for 46k. 🐂
I will share a new scenario when this move ends.
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