Hi everyone.
Today we have marked the channel in which the BTC price is currently moving with blue lines.
As you can see, we have two important zones:
-the first one is the support line on which the price is currently based on $ 23,021, then we have a support zone ahead of the price, which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000.
- the second is a resistance zone, we have from $ 24,696 to $ 26,196. A breakout from this zone may result in further increases towards the resistance at the level of $ 28,754.
Currently, the price on our channel is moving nicely to the side, which could potentially be used for short-term licks.
Also worth noting is the CHOP indicator, which indicates that energy is slowly depleting, and the MACD indicator, which indicates that we have entered a local downward trend.
Remember, however, that this is not investment advice.
Today we have marked the channel in which the BTC price is currently moving with blue lines.
As you can see, we have two important zones:
-the first one is the support line on which the price is currently based on $ 23,021, then we have a support zone ahead of the price, which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000.
- the second is a resistance zone, we have from $ 24,696 to $ 26,196. A breakout from this zone may result in further increases towards the resistance at the level of $ 28,754.
Currently, the price on our channel is moving nicely to the side, which could potentially be used for short-term licks.
Also worth noting is the CHOP indicator, which indicates that energy is slowly depleting, and the MACD indicator, which indicates that we have entered a local downward trend.
Remember, however, that this is not investment advice.