Prices range from a weekly demand area to a weekly supply zone (inside the price channel is shown in green).
In the daily time frame, the price has risen from one channel (red) to a higher channel.
Currently, the price is struggling with the resistance level of 9300.
If this level is broken, the price could rise to 10,400 daily on the Time channel
Otherwise, a price correction of up to 8200 is likely.
In the daily time frame, the price has risen from one channel (red) to a higher channel.
Currently, the price is struggling with the resistance level of 9300.
If this level is broken, the price could rise to 10,400 daily on the Time channel
Otherwise, a price correction of up to 8200 is likely.
Comment:
Although Bitcoin has reached the bottom of the channel, our view is still upward.
