Bitcoin ready for Fly

12 Jan 2023

There is an bullish channel chart pattern is Bitcoin and it may give breakout from the current price but my analysis say Bitcoin can do another dive to is downward channel trendline because at present level the volume is getting lower and lower and it may be less probability of giving breakout from the current price.And also it can give a fake breakout from current level so wait for long volume after breakout if it's volume goes down after the breakout from the present price than it can false and a trap for buyers.So at conclusions I can say that it's good to give breakout after an dive to is lower channel trendline.


Also I have done the Elliott wave analysis of BTC and it's also showing that Bitcoin can start a new bull run.







DISCLAIMER: I an not an registered analyst it's only for educational purposes.Any risk involved in it is your responsibility