#BTC/USD
$BTC dropped to lower line of ascending parallel channel as mentioned in previous analysis.
🐻 there is a descending channel that can head up price to touch the middle line, then drop more to break down from lower line of ascending channel to reach the support zone around $39k.
breaking this support will drop price to support around $36900.
🐮 if bulls gain power and increase price to break out from upper line of descending channel, so this pattern can be a flag to head up price to upper line of ascending channel around $49k.
$BTC dropped to lower line of ascending parallel channel as mentioned in previous analysis.
🐻 there is a descending channel that can head up price to touch the middle line, then drop more to break down from lower line of ascending channel to reach the support zone around $39k.
breaking this support will drop price to support around $36900.
🐮 if bulls gain power and increase price to break out from upper line of descending channel, so this pattern can be a flag to head up price to upper line of ascending channel around $49k.
