Bitcoin has managed to form a Descending Channel after breaking the ๐ขsupport zone($29,850-$29,480)๐ข.
Over the past two days, Bitcoin has been completing a pullback to the broken ๐ขsupport zone($29,850-$29,480)๐ข.
Bitcoin is currently near the upper line of the descending channel.
๐I expect Bitcoin to continue its downward trend in the next few hours.
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๐โNegative Newsโ๐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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