During the sideways movement, Bitcoin formed a downward channel. The price is near the lower boundary of the descending channel. When trying to break through the channel, trading volumes increase. I expect that with fixing above the lower border of the channel, the price may reach the resistance level.
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.