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$BTC/USD Market sentiment recovery?
BTC finally recovered to $40,000.
Currently, it is moving in the ascending parallel channel. It has stopped rising at the channel upper limit line.
In the latest rise, it has broken above all moving averages, formed a complete support line, including the uptrend line.
So even if it can't go over $40,000 and back down, itt should stop falling around $37,500 and is likely to show a rebound again.
On the other hand, if it keeps $40,000 and start a further rise, short-term rise to around $42,000 is possible.
Either way, strong development is expected, but watch out for FOMC trends and Fed Chair Powell's remarks.
Currently, it is moving in the ascending parallel channel. It has stopped rising at the channel upper limit line.
In the latest rise, it has broken above all moving averages, formed a complete support line, including the uptrend line.
So even if it can't go over $40,000 and back down, itt should stop falling around $37,500 and is likely to show a rebound again.
On the other hand, if it keeps $40,000 and start a further rise, short-term rise to around $42,000 is possible.
Either way, strong development is expected, but watch out for FOMC trends and Fed Chair Powell's remarks.
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