I think this is a crucial time for crypto, both technically and fundamentally, but I’ll be focusing on the technical side. Price needs to break above the upper resistance trend line for btc to break out of a descending channel. If btc fails to break above the channel, then it may head for a double bottom or back down to the support trend line of the descending channel. My thoughts are we will see a break out soon, but that’s only my opinion and not a fact.
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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.