$140K USD for Bitcoin in 2025!!!
It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term.
BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish.
The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator.
Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish.
The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator.
Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
Related publications
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.