Just a consolidation or a downtrend ?
Since hitting an all time high in March, Bitcoin has been consolidating within a downtrend channel.
the Price is currently oscillating between the 23.60% ($60’000 area), currently acting as resistance, and the 38.20% ($51’500 area), currently acting as resistance.
The MACD is confirming that further downside potential appears technically viable, notwithstanding the expected interim rallies, until the price is able to break out of its down-trending channel.
the Price is currently oscillating between the 23.60% ($60’000 area), currently acting as resistance, and the 38.20% ($51’500 area), currently acting as resistance.
The MACD is confirming that further downside potential appears technically viable, notwithstanding the expected interim rallies, until the price is able to break out of its down-trending channel.
Charts Avenue
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