#BTC/USDT
Updated
#BTC
#BITCION
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well
The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price
There is a strong support point at this level, green
Targeting the upper limit of the channel at $60,000
This boot supports the lower limit as we are still below the moving average 100
But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
#BITCION
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well
The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price
There is a strong support point at this level, green
Targeting the upper limit of the channel at $60,000
This boot supports the lower limit as we are still below the moving average 100
But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
Trade closed: target reached
Price hit 60,000 $
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