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Ifiok-2sydes

$btc Bitcoin Still Respecting Rising ... What next?

BTCUSD Perpetual Contract (BYBIT:BTCUSD.P)  
Ifiok-2sydes Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Trend Analysis Chart Patterns Beyond Technical Analysis Bitcoin (Cryptocurrency) BTCUSD btcupdate
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trendanalysis chartpattern beyondta bitcoin btcusd btcupdate
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
Comment:
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...
Comment:
BTC price action has abandoned its rising channel...To reclaim? or fall Lower? Remains to be seen!

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