hello my friends.
There is a decending resistance line(purple line) that is keeping the price from being bullish. this line is created during April and has been touched for two times.
If it can pass this line then it is possible that the price break the upper line of the accending channel and next resistance is on 1.618 fib level. Otherwise Bitcoin will drop to the lower line of the channel and finds immediate support at $47K.
Good Luck
DISCLAIMER: The information provided on this article does not constitude investment advice, financial advice, trading advice, or any other sort of advice.
There is a decending resistance line(purple line) that is keeping the price from being bullish. this line is created during April and has been touched for two times.
If it can pass this line then it is possible that the price break the upper line of the accending channel and next resistance is on 1.618 fib level. Otherwise Bitcoin will drop to the lower line of the channel and finds immediate support at $47K.
Good Luck
DISCLAIMER: The information provided on this article does not constitude investment advice, financial advice, trading advice, or any other sort of advice.