This chart shows Bitcoin’s (BTC/USD) 4-hour price movement within a descending channel.
Key observations:
Channel Trend: The price has been respecting a downward-sloping parallel channel, indicating a medium-term bearish trend.
Center Area / Support Zone: Around the $106,000 level (highlighted in pink), previously acted as support but has now been broken.
Current Price: BTC is trading near $104,369, just below the lower boundary of the channel — suggesting potential further downside.
Final Support Area: The next significant support lies around the $99,000–$100,000 region (highlighted in green).
Summary:
Bitcoin is currently testing the lower channel boundary. A confirmed breakdown below this zone could push the price toward the final support area, while a rebound could indicate a short-term recovery back into the channel.
Key observations:
Channel Trend: The price has been respecting a downward-sloping parallel channel, indicating a medium-term bearish trend.
Center Area / Support Zone: Around the $106,000 level (highlighted in pink), previously acted as support but has now been broken.
Current Price: BTC is trading near $104,369, just below the lower boundary of the channel — suggesting potential further downside.
Final Support Area: The next significant support lies around the $99,000–$100,000 region (highlighted in green).
Summary:
Bitcoin is currently testing the lower channel boundary. A confirmed breakdown below this zone could push the price toward the final support area, while a rebound could indicate a short-term recovery back into the channel.
Dagangan aktif
My analysis supply is finished here
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.