May 1, 2026

$BTC – Ascending channel break to Descending Channel

$BTC - Ascending channel break to Descending Channel

$BTC - Ascending channel break to Descending Channel

$BTC – Ascending channel break to Descending Channel

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
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$BTC - Ascending channel break to Descending Channel

Overall I am bullish on $BTC however this appears to be the start of a descending channel as we appear to be breaking out of the ascending channel from previous week(s). I hope that I am incorrect. Would like to see how this plays out.

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