[Bitcoin] Three possible future direction of Bitcoin!
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– Bitcoin is accompanied by a strong uptrend, breaking through the sky blue resistance line, and reaching 48k .
– However, Bitcoin is strongly resisted by the upper line of the orange rising channel near 48k , and it can be seen that RSI and RACD are also located at considerable highs.
– If the resistance of the upper line of the orange rising channel is broken, we can expect an uptrend to the maximum of ‘$53,357′. However, there is a possibility that it will not break the resistance of ‘$51,513-$51,886′, which provided strong resistance during the previous downtrend.
– If Bitcoin turns into a downtrend without breaking the resistance of the upper line of the orange rising channel , we can expect a decline to confirm the support of the sky blue high resistance line.
– If the retest support of the sky blue high-resistance line is successful, we can once again expect an uptrend to the upper line of the orange uptrend channel .
– If the retest support of the sky blue high resistance line fails, we can expect a decline to the lower line of the orange uptrend channel . If the support of the lower line of the orange bullish channel fails, we can expect support from the lower line of the blue bullish channel .

![[Bitcoin] Three possible future direction of Bitcoin! [Bitcoin] Three possible future direction of Bitcoin!](https://s3.tradingview.com/p/PP4dqYZ4_mid.png)