We talked about descending channels and ascending channels importance and we share educational post about them on Ethereum and calculate the previous fall too : now Bitcoin once again is creating descending channel and the question here is this that if breakout happen what is expected target and why ? for sure one important thing needed for rise is breakout and retest conformation and then huge rise expected short-term target based on Fibonacci is : Target : A.67000 $ this patterns usually are seen when great movement need some range or rest and then again start of Falling or Rising
Notice : 1.breakout can happen now for example today or like green path in upcoming days 2.consider bearish scenarios that we shared or expected ,too
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
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