Bitcoin has been on an uptrend over a long period since December 11 last year, marked by a blue line in the chart.
Bitcoin in two ascending channels with high slope and red in 9 days and ascending channel with lower slope in 83 days, which is marked with green channel in the chart
Bitcoin movement in the red channel has faced resistance in the range of $ 58,500, passing through which can bring the price to the green channel ceiling and the range of $ 64,000.
The failure of the red channel from the bottom of Bitcoin will bring the price range to $ 50,000 to $ 51,000, which is very important for the upward movement of Bitcoin, and if it fails, the price could fall to the $ 31,000 range indicated at the bottom of the chart.
The failure of the green channel ceiling and crossing $ 66,000 will increase the price and the new ceilings specified in the chart in the range of $ 74,000 and $ 86,000.
Bitcoin in two ascending channels with high slope and red in 9 days and ascending channel with lower slope in 83 days, which is marked with green channel in the chart
Bitcoin movement in the red channel has faced resistance in the range of $ 58,500, passing through which can bring the price to the green channel ceiling and the range of $ 64,000.
The failure of the red channel from the bottom of Bitcoin will bring the price range to $ 50,000 to $ 51,000, which is very important for the upward movement of Bitcoin, and if it fails, the price could fall to the $ 31,000 range indicated at the bottom of the chart.
The failure of the green channel ceiling and crossing $ 66,000 will increase the price and the new ceilings specified in the chart in the range of $ 74,000 and $ 86,000.