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Welcome to this quick BTC update.
BTC is rejecting from the $24k level and slowly going down. It is forming an ascending channel pattern in 4hr time frame and currently trading around the lower line of the channel. We have crucial support of BTC at the $22.3k-$22.8k level. Break and closing below $22.3k will be bad for the market and then we see more correction.
If it holds the $22.3k-$22.8k area then we expect some bounce. Let's see how the price reacts in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update.
BTC is rejecting from the $24k level and slowly going down. It is forming an ascending channel pattern in 4hr time frame and currently trading around the lower line of the channel. We have crucial support of BTC at the $22.3k-$22.8k level. Break and closing below $22.3k will be bad for the market and then we see more correction.
If it holds the $22.3k-$22.8k area then we expect some bounce. Let's see how the price reacts in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!