BTC: make or break
Ascending channel
Keep in mind: we are in price discovery ➡ many unknowns
Not financial advise.
I am not an expert, just my opinion.
Good luck all!
- Textbook: bullish continuation
- RSI: remains bullish
- VWMA + SMA = confirms uptrend
- Bearish breakout of channel ➡ needs additional confirmation
- Target ≈ 66/68k
- Key support level ≈ 52k (0.618 fib level)
- Possible bullish scenario: continuation of upward trend towards target area
- Possible bearish scenario: breakout of channel (+ confirmation) ➡ we might see a double top pattern before a reversal in trend/correction
Keep in mind: we are in price discovery ➡ many unknowns
Not financial advise.
I am not an expert, just my opinion.
Good luck all!
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