📊 Bitcoin Technical Analysis | The Most Important Channel You’ll Ever See!
This might be the most critical BTC chart you come across. I've mapped out the key ascending channel that has defined Bitcoin’s long-term trend over the past few years. The upper boundary, lower boundary, and especially the midline have repeatedly acted as dynamic support and resistance levels.
Right now, BTC is trading near the channel top, with strong bullish momentum. While the buying pressure remains high and a breakout is possible, watch out for potential rejections or fakeouts around this area.
All major support and resistance levels are clearly marked in this chart. Make sure to draw this channel on your own chart and use it as a powerful tool in your trading decisions.
🧠Follow for more high-probability setups, smart technical insights, and real-time updates!
This might be the most critical BTC chart you come across. I've mapped out the key ascending channel that has defined Bitcoin’s long-term trend over the past few years. The upper boundary, lower boundary, and especially the midline have repeatedly acted as dynamic support and resistance levels.
Right now, BTC is trading near the channel top, with strong bullish momentum. While the buying pressure remains high and a breakout is possible, watch out for potential rejections or fakeouts around this area.
All major support and resistance levels are clearly marked in this chart. Make sure to draw this channel on your own chart and use it as a powerful tool in your trading decisions.
🧠Follow for more high-probability setups, smart technical insights, and real-time updates!
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.