Bitcoin has entered a valid uptrend channel from a technical perspective. As you can see, the price action has been reacting to the top, floor, and midline of the channel on the daily timeframe. The credibility of this channel goes back approximately three months, since the beginning of 2023. Currently, reaching the resistance level of 30,000 and the formation of a good support line in the range of 28,000 suggests that we will experience fluctuations in this range for a few days. On the other hand, given that we have seen about a 50% growth in the past month, it seems like we need a short-term recovery.
In my oponion, after a short correction to 28k, BTC will move to 32k soon.
Do your research.
Good luck 🤑
In my oponion, after a short correction to 28k, BTC will move to 32k soon.
Do your research.
Good luck 🤑