BItcoin: Can it break the big downward channel?
Can it break the big downward channel it follows since the bull run in June 2019?
Technical (bullish) signs:
-> Price is about tries to break through the since June 2019 respected resistance of the channel
-> Bearishness of MACD is stalling (on 3D even gets bullish slowly)
-> Fib 0.236 holds support since November
-> The TI Indicator (Tone Vays Version of TD Sequential) flipped green on the monthly
Fundamentally seen, BTC is rather bullish if you take into account, that fears of a recession (especially in USA and EU) and about the crisis in Iran increase.
Technical (bullish) signs:
-> Price is about tries to break through the since June 2019 respected resistance of the channel
-> Bearishness of MACD is stalling (on 3D even gets bullish slowly)
-> Fib 0.236 holds support since November
-> The TI Indicator (Tone Vays Version of TD Sequential) flipped green on the monthly
Fundamentally seen, BTC is rather bullish if you take into account, that fears of a recession (especially in USA and EU) and about the crisis in Iran increase.
Note
More detailed view on 3D:Trade active
BTC broke the resistance and sucessfully retested the former resistance for support. 
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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.