Bitcoin | Ascending Channel & EMA50..!!

6 Jun 2020

#BTC (Update)



Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel)

At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464)


Now, there Are two Possible Scenarios..!!

- In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support.

- In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉


Bitcoin CME Future Closed at 9800..!!


Expanding Triangle Formation..!!

According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low)

In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!!

In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm.

In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!|

Waiting for Weekly Close 😎



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