Bitcoin reached its all time high of $73,800 before experiencing a decline to the support range of $57,739-$56,132.
However, it later increased by over 15%. The price is currently following a downward channel with no breakout yet.
If it can break out and close above the channel resistance, it may reach the resistance level of $74,000 again.
If the trend continues, the price will likely fall back to the support level below.
However, it later increased by over 15%. The price is currently following a downward channel with no breakout yet.
If it can break out and close above the channel resistance, it may reach the resistance level of $74,000 again.
If the trend continues, the price will likely fall back to the support level below.
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