BTC has smashed through the downtrend channel

9 мая 2021 г.

BTC managed to break through the downtrend channel resistance at around 58k and now sitting above the resistance. This shows a strong sign for a rally in the coming days. But keep in mind we are still not out of the woods yet until BTC closes above the red rally line! In the short term we may see BTC closes at the around 63k-64k. And do also expect a volatile price fluctuation in the market this few days as BTC might need to pass through some resistance.
Not financial advice!