Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Bitcoin has been trapped within this downward channel for nearly a year now. As you can see, the price has reached the top of the channel.
On the 4h time frame there's also a double top pattern near the February 14th resistance level. Bitcoin has been in a downtrend for a year now and fighting against that is not a good idea.
Fundamentally speaking bitcoin is also useless and will never replace fiat currency. Fiat currency has value because of taxes and everyone that makes money has to pay taxes. You cannot pay your taxes using bitcoin and it has no real value.