The price is moving within a downward-sloping channel, indicating a bearish trend.
The upper boundary of the channel is acting as resistance, while the lower boundary is acting as support.
The price recently bounced off the lower boundary of the channel, suggesting a temporary relief or reversal within the channel.
Bitcoin is currently testing the upper boundary of its descending channel
The upper boundary of the channel is acting as resistance, while the lower boundary is acting as support.
The price recently bounced off the lower boundary of the channel, suggesting a temporary relief or reversal within the channel.
Bitcoin is currently testing the upper boundary of its descending channel
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