How the BTC consolidation will end up❓

5 באפר׳ 2022

Looking at the mid-term Bitcoin price action, we can point out the support and resistance levels. The support has been formed at $44,226, which initially was an 88.6% Fibonacci resistance, now acting as the demand level. The resistance was formed at $48,195, where BTC/USDT bounced off the top of the ascending channel.

Considering higher highs and higher lows patterns, the probability favors a continuation of an uptrend. But, .......