Hey guys, welcome to this BTC update in a daily timeframe.
BTC is still yet to show some big moves in the market but till now, it has managed to maintain the support line which is a good thing for the market. In this daily timeframe, BTC is still under the descending triangle which technically is a bearish pattern. BTC being bearish, there is still room for the bulls and we may witness a bullish move on BTC if it manages to break out and closes above the resistance trendline.
BTC could go negative only if it breaks down below the $18k or $17.6k support levels.
What do you have to say about this? A rally or rejection?
Do share your ideas in the comments.
Thank you.
BTC is still yet to show some big moves in the market but till now, it has managed to maintain the support line which is a good thing for the market. In this daily timeframe, BTC is still under the descending triangle which technically is a bearish pattern. BTC being bearish, there is still room for the bulls and we may witness a bullish move on BTC if it manages to break out and closes above the resistance trendline.
BTC could go negative only if it breaks down below the $18k or $17.6k support levels.
What do you have to say about this? A rally or rejection?
Do share your ideas in the comments.
Thank you.
