Bitcoin is in the chart in the price ceiling of an ascending channel, which is currently preventing the further growth of Bitcoin, and Bitcoin is showing resistance in this area, but there is a relatively strong support line in the middle of this channel. Bitcoin has been supported on this line several times and it remains to be seen which one will be the winner of the Bitcoin channel ceiling or the support trend line.
If the Bitcoin support line wins, the price will rise to $ 41,500, after which it will have a pullback to the top of the channel and continue its uptrend, but if the support line is broken, Bitcoin can return to its previous resistance area of $ 39,600. Pullback that can be opened with a loss of $ 38,500 and the first takeprofit is the ascending channel ceiling.
If the Bitcoin support line wins, the price will rise to $ 41,500, after which it will have a pullback to the top of the channel and continue its uptrend, but if the support line is broken, Bitcoin can return to its previous resistance area of $ 39,600. Pullback that can be opened with a loss of $ 38,500 and the first takeprofit is the ascending channel ceiling.
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