Bitcoin Technical Analysis #BTC 18/04
After the sharp drop, Bitcoin is now consolidating in an upward-sloping parallel channel. There are two possible scenarios:
Main scenario:
Bitcoin is forming a flag pattern, and then it is likely to continue moving lower in line with the trend.
Alternative scenario:
Bitcoin is forming Wave 1 of a new five-wave impulsive move and will bounce higher to set new higher highs.
Whichever scenario plays out, Bitcoin will still need to correct from this price zone.
BTCUSDT
دائم
75,958.2
+1.94%