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Bitcoin now trades inside descending channel. But in my experience in downtrend on descending channel we can see upward impulse. I think price can back to support zone 37.000-37.500 and from this area show upward movement. I'm expect decreasing because bitcoin price cant broke resistance level 40500-40600. And in my opinion another one new local low is possible After this first target will be a top part of descending channel (resistance line) And then I will update this idea.
I expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
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