BTCUSD - Bounce potential off the channel.
Bitcoin Hourly since Feb 25th.
After reaching the top again, Bitcoin ricochets back south quickly to the midline. It gave just enough resistance to slow the bears tracks inside the channel.
This is a very neutral position as either side can push quickly, followed by reversing quickly.
Perhaps this is the bounce to send us back up to 45 or will it plummet here back to 35 and below.
After reaching the top again, Bitcoin ricochets back south quickly to the midline. It gave just enough resistance to slow the bears tracks inside the channel.
This is a very neutral position as either side can push quickly, followed by reversing quickly.
Perhaps this is the bounce to send us back up to 45 or will it plummet here back to 35 and below.
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