We are looking for same scenario that happened pervious time and bitcoin had huge correction now any moment we are looking for breakout to the downside and reaching our targets that shown Targets : A. 57000 B. 54500
one important thing after breakout on ascending channel is correction and falling that is needed and this analysis purpose all shown in black rectangle
Notice :Bitcoin is strongly bullish right now and after reaching previous analysis targets broke falling trendline and descending channel : so for sure even bullish scenario is expected as shown with green arrow but for now we are on important resistance zone .
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
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