Important week for BTCUSD. Price is sitting right at the edge of a short-term downward trendline within a larger bullish channel. If it breaks above this structure convincingly, it could open the path toward the upper channel extension, with potential upside reaching the 140,000–150,000 region.
On the flip side, if the highlighted support area around 75,000 fails to hold, the structure could break down into a deeper correction, possibly testing the lower channel near 45,000. This week’s close will be key in confirming whether bulls reclaim momentum or risk builds for a larger drop.
On the flip side, if the highlighted support area around 75,000 fails to hold, the structure could break down into a deeper correction, possibly testing the lower channel near 45,000. This week’s close will be key in confirming whether bulls reclaim momentum or risk builds for a larger drop.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.