Bitcoin is bouncing off support and moving towards resistance.

BTC/USDT COINBASE:BTCUSDT

cmpkpersonal

Hi Guys

The chart shows BTC vs USDT on the 8 hourly on Coinbase.

Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.

Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points ( support/resistance ) with the white highlights.

Breaking this channel with strong volume would be a bullish move.

Right now we are getting a lot of side action but it will have to end at some point.

What are your thoughts guys, bullish or bearish?

Like if you agree.

Many thanks,
Casey

Disclaimer: Not professional Advice

You might be interested in …

Trading View May 20, 2022

TRXUSDT ! Huge potential for growth

TRXUSDT ! Huge potential for growth TRON / TetherUS BINANCE:TRXUSDT RLinda TRXUSDT didn’t fall like the whole market did. The price was kept above the level of 0.07244 for a long time, after that. as […]

Trading View April 26, 2022

CRO Price Prediction

CRO Price Prediction CRO/USD COINBASE:CROUSD AlertZ This is only my PA for cro personally will buy in at 0.35-0.33 if it hits (no SL as i will be holding it for long term) NOT FINANCIAL […]

Trading View May 11, 2022

how painful is this:) so what kind of crypto is this dumn:))))

how painful is this:) so what kind of crypto is this dumn:)))) DOGE / Dollar BITFINEX:DOGEUSD Mostafarezai how painful is this:) so what kind of crypto is this dumn so we can wait for big […]