mansour1978

Which path does Bitcoin choose ?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Which path does Bitcoin choose?
As you can see in the chart, two channels can be drawn at the same time. The first is the long-term ascending channel and the second is the horizontal channel.
Currently, the price of bitcoin has reacted more to the horizontal channel.
If it exits this channel, the price of 12577 will be the first target, and if the palace has a drop in price, the price floor will be 10377.
Personally, given the good funds and market conditions, I envision the first goal, which is growth.

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