Bitcoin Analysis 3/26/22 (Ascending Channel)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

NeutronMan

Bitcoin appears to be descending to the short-term support level around the lower trendline of this Ascending Channel . The Daily S2, previous resistance, 50 EMA and VPVR confirms this support zone . Since the Daily CPR Central Lines are extremely tight, I do expected a further drop to the 20 or 50 EMA on the 1D chart around $41.7k over the weekend.

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