BTC/USDT

Bitcoin price is currently traversing an almost long-term descending channel (red channel). Until this channel is broken in the upward direction and the price stabilizes above it, we cannot expect a strong upward movement in the crypto market. We now have a nice support zone at $16,000 which can be encouraging. On the other hand, according to my analysis, the price can drop to the range of $11,000, in which case a very ideal investment opportunity will emerge.
Current serious resistances are also highlighted in red in the analysis.
good luck