Two BTC scenarios for near future: rejection or breakthrough
I am bullish on BTC, but on a very short timeframe there is a scenario for bearishness.
This idea displays the movement of BTC in a parallel channel, in two possible scenarios.
Scenario 1: we get rejected at a critical zone of resistance around 58,500, at which point we move downwards for a final correction before bouncing up again to break ATH within channel.
Scenario 2: we break out of the channel and break the critical resistance at 58,500 and move towards ATH.
This idea displays the movement of BTC in a parallel channel, in two possible scenarios.
Scenario 1: we get rejected at a critical zone of resistance around 58,500, at which point we move downwards for a final correction before bouncing up again to break ATH within channel.
Scenario 2: we break out of the channel and break the critical resistance at 58,500 and move towards ATH.