Technical Perspective
In the daily chart, BTCUSD extended its decline within the descending channel, with the price approaching the 52500 support zone. If BTCUSD rebounds above 52500, the price could rise to retest the 65500 resistance. Conversely, a bearish breakout of the channel could prompt a further decline towards 47200.
In the daily chart, BTCUSD extended its decline within the descending channel, with the price approaching the 52500 support zone. If BTCUSD rebounds above 52500, the price could rise to retest the 65500 resistance. Conversely, a bearish breakout of the channel could prompt a further decline towards 47200.
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