BTC update - Sep 25 2024
As stated before the 64,600 - 65,700 zone has been the important resistance zone and #BTC has been forming trading range below this zone for nearly a week now.
looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the fact that the current trading range is seemingly a running correction. The positive reaction can push BTC through the resistance zone.
62,300 level is very crucial in this analysis because if BTC drops below this level, we'll see sell pressure in the market.
looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the fact that the current trading range is seemingly a running correction. The positive reaction can push BTC through the resistance zone.
62,300 level is very crucial in this analysis because if BTC drops below this level, we'll see sell pressure in the market.
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