The price of Bitcoin will not rise for several days
As I said in the previous post, and you saw what happened that Bitcoin moved down the channel and you saw that it crossed the middle line and is moving down.
It is true that we do not see much drop in price, which is due to the high slope of the channel
According to the previous habits of Bitcoin, it should go to the bottom of the channel and then return to the top
This can happen in two ways :
1- With the drop in the price of Bitcoin and then going back up
2- By waiting and passing time until the bottom of the channel reaches this price and after meeting with it, it moves upwards
In any case, what is important is that there will be no price growth in Bitcoin until then
It is true that we do not see much drop in price, which is due to the high slope of the channel
According to the previous habits of Bitcoin, it should go to the bottom of the channel and then return to the top
This can happen in two ways :
1- With the drop in the price of Bitcoin and then going back up
2- By waiting and passing time until the bottom of the channel reaches this price and after meeting with it, it moves upwards
In any case, what is important is that there will be no price growth in Bitcoin until then
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