$BTC /USDT ANALYSIS

Bitcoin has broken below the ascending channel and is now trading above the 50MA, which is acting as immediate support.

A breakdown below the 50MA would confirm further downside in the market.

However, if price continues to hold above the 50MA, a rebound and upward rally remain possible.

BTC

76,235.66

-0.21%

#BTC #BTC_ANALYSIS #StrategyBTCPurchase EthereumFoundationUnstakes$48.9MillionWorthofETH