BTCUSD moves within the ascending channel

BTCUSD moved within the ascending channel, which formed when the price touched the channel borders 9 times and has been valid since 7 April.

Current situation

The price is moving towards the lower border of the ascending channel.

Possible scenario

Analysts recommend opening a Sell order with a take profit near the lower channel border.

We will publish our next post on price channels at 7:00 a.m. UTC tomorrow. Come back to discover more trading insights.

Share your thoughts in the comments section if it's available for you.#btc #btcusd #bitcoin $BTC

BTC

80,696.03

-0.07%