As you can see, I draw Descending Channel in the very small timeframe for Cryptocurrency to show that the Bitcoin price are looking to breakout the Support Line from the Triangle.
But, the question is, could we see a rebound before closing this weekly candle, because the way I see this movement is looking not so good since we've got 2 times rejection in the Weekly EMA 34. If we want to see Bitcoin price rebound and back to 40k area. We should see a strong surge for Bitcoin breaking this Descending Channel and also the Resistance Line from the Triangle.
Wish you well and have decent profits.
Disclaimer: This content is not a Financial Advise.
But, the question is, could we see a rebound before closing this weekly candle, because the way I see this movement is looking not so good since we've got 2 times rejection in the Weekly EMA 34. If we want to see Bitcoin price rebound and back to 40k area. We should see a strong surge for Bitcoin breaking this Descending Channel and also the Resistance Line from the Triangle.
Wish you well and have decent profits.
Disclaimer: This content is not a Financial Advise.
