Bitcoin short term upward price channel
FWIW
We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel.
Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k.
Risk to the downside is a corrective wick to 32.6k, which touches a line I extended from reactions on 01-Aug to 21-Sep. (And before that 20-Feb, 25-Mar, 25-Apr, etc.)
Not financial advise.
We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel.
Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k.
Risk to the downside is a corrective wick to 32.6k, which touches a line I extended from reactions on 01-Aug to 21-Sep. (And before that 20-Feb, 25-Mar, 25-Apr, etc.)
Not financial advise.
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