BTC Bitcoin price action has respected this rising Channel since October 2023.Current Price: 43600
Bearish Divergences forming on the daily time frame and so there's a greater likelihood of retracement.
Down Supports: 42200, 40900, 39300, 37500
Above Resistances: 45600, 47500
Note
BTC price action still respecting the Rising channel...40900 is a hot spot to watch!
Price action needs to hold the 40900 level for higher prices...
Note
BTC price action has abandoned its rising channel...To reclaim? or fall Lower? Remains to be seen!
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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.