🔥 Bitcoin: Time's Running Out For The Bulls

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In this analysis I want to take a look at Bitcoin's chart over the last ~2 years. Note that the top purple resistance of the channel is a direct copy of the bottom support.

Time is running out for the bulls. BTC is just a couple of days away from potentially breaking below the yellow bullish support line which has been providing bullish guidance for all of 2023. Furthermore, the bulls seem to be having a lot of troubles breaking through the top purple resistance.

With the stock market falling, things are starting to look a little bleak for Bitcoin. Then again, we're still above the yellow support, to bulls are technically still in control.

But for how long?

Do you think a dump is imminent? Or are we going back up? Share your thoughts below🙏

Commentaire:

Getting early signs of a bullish reversal from the yellow support!