Bitcoin Deep analysis

2 Jan 2023

Lets analyz deeply

In Bigger Picture we can Clearly See Btc consolidating In Descending Broadening Wedge (Its bulish Pattern)

And if we look Closer Then we Have Descending Channel Too For bulish momentum Btc Needs to clear descending Channel,s Resistance (18800 to 19200)

Then we Have Another Resistance Is In Between (20800 to 21300) Area Once Btc Cleared Trendline Resistance Then Expecting Bulish rally Iat Least For Midterm

(Expecting Move towards 45k)

Keep In Mind Btc will Remain in downtrend Until descending Broadening Wedge,s breakout

In These analysis Ii discussed Technical Outlook according Price action)

2 Jan 2023

Nota

In Worst Case Scenario Btc Can Test Lower Tl Of Channel at (13800 to 14500)

and If Btc Lost this support Too then Next support area According To Descending Broadening Wedge Will Be lower Line Support Near 7k