#BTC/USDT
#BTC
The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation.
With a bounce from the lower border of the channel, which supports the rise
We have a bounce from the green support area at 54500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 55,800
The first target is 63325
Second target 70280
Third goal 78524
Fourth target 85350
The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation.
With a bounce from the lower border of the channel, which supports the rise
We have a bounce from the green support area at 54500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 55,800
The first target is 63325
Second target 70280
Third goal 78524
Fourth target 85350
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