BTC Downtrend Channel Formed
BTC must hold $7500 support level to reverse. At this time we have entered into a downtrend channel as the support walls within the uptrend channel broke with a double top and lower high close on daily.
Look at BTC to continue uptrend cycle with a break at $8400. Otherwise, be prepared for lower lows if it fails to hold at $7500 support.
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Not financial advise, not a financial advisor. Use for educational purposes only.
Look at BTC to continue uptrend cycle with a break at $8400. Otherwise, be prepared for lower lows if it fails to hold at $7500 support.
Thanks! Feel free to leave a comment.
Not financial advise, not a financial advisor. Use for educational purposes only.
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