Bitcoin is moving inside an ascending channel, with price recently touching the lower boundary of the structure. The chart also highlights a reaction zone above, showing where price has interacted multiple times. The projected path illustrates a possible scenario for how price could behave within this range, focusing only on chart structure and levels.
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Disclaimer
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.