Bitcoin / TetherUSUpdated $btc Bitcoin in a Rising Channel.... Continuing Up Or Down?
BTC Price action has been forming higher highs and higher lows and has currently found itself in a rising Channel.Current Price: $33900
BITCOIN also found resistance at Jan/Feb Previous Support, Around 35,300. Only TWO things can Happen!Bitcoin can break out of this channel for Higher Resistances at: 38300, 41200, 44200, 46700
Else #Bitcoin will continue reject angled resistance around 35300 and break down to supports: 31500, 28100, 25100,
A Continuous break down from rising channel will further lead to other supports: 21800,18700, 16300
Note
looks like BTC is still trying to choose a path...Note
Another rejection around the 35k region... i am taking profits!
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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.