Prices range from a weekly demand area to a weekly supply zone (inside the price channel is shown in green).
In the daily time frame, the price has risen from one channel (red) to a higher channel.
Currently, the price is struggling with the resistance level of 9300.
If this level is broken, the price could rise to 10,400 daily on the Time channel
Otherwise, a price correction of up to 8200 is likely.
In the daily time frame, the price has risen from one channel (red) to a higher channel.
Currently, the price is struggling with the resistance level of 9300.
If this level is broken, the price could rise to 10,400 daily on the Time channel
Otherwise, a price correction of up to 8200 is likely.
Note
Although Bitcoin has reached the bottom of the channel, our view is still upward.
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.
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.