Hi all,
In my opinion, BTC is moving in an ascending channel. It's likely that BTC will go to $20500 for liquidity grabs. This area is closed to the crossing point of the Fib 0.786 level and the lower trendline of the the channel.
If BTC prices hold at this level, I suppose that it would have a leg up to see the upper trendline of the channel (around $22500 expectedly) in the coming weeks. Then I think that a big correction will happen at this moment but let's update the analysis step by step.
Cheers!
In my opinion, BTC is moving in an ascending channel. It's likely that BTC will go to $20500 for liquidity grabs. This area is closed to the crossing point of the Fib 0.786 level and the lower trendline of the the channel.
If BTC prices hold at this level, I suppose that it would have a leg up to see the upper trendline of the channel (around $22500 expectedly) in the coming weeks. Then I think that a big correction will happen at this moment but let's update the analysis step by step.
Cheers!
In my opinion, the next destination will be around $19100