The end of the upward trend?
Hello to all members of TradingView and my followers.
The Bitcoin chart in the last 24 hours has witnessed the registration of a daily range candle within the range of its previous candles. The previous day's upward movement was made up to the resistance of $23,800, and in this area, due to the negative reaction and selling pressure, the price returned to the support of $22,600. This reversal was accompanied by a steep downward slope and occurred in less than 5 hours. A large bullish channel is considered for Bitcoin in the 4-hour time frame. If the specified support is broken to the downside, this decline can continue to the $21,000 and $20,000 range.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
The Bitcoin chart in the last 24 hours has witnessed the registration of a daily range candle within the range of its previous candles. The previous day's upward movement was made up to the resistance of $23,800, and in this area, due to the negative reaction and selling pressure, the price returned to the support of $22,600. This reversal was accompanied by a steep downward slope and occurred in less than 5 hours. A large bullish channel is considered for Bitcoin in the 4-hour time frame. If the specified support is broken to the downside, this decline can continue to the $21,000 and $20,000 range.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
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