TREND IS YOUR FRIEND - BITCOIN CHANNEL INTERSECT at 5,100

THE TREND IS YOUR FRIEND - THE FIRST GOLDEN RULE AT THE FOUNDATION OF TECHNICAL ANALYSIS.

A Multi Month parallel channel from December 2021 is PERFECTLY confirmed by Price Action; The NEXT INTERSECTION with The Lower Support Trendline

Is IN THE PRICE CENTERED ON 5,100 dollar per Bitcoin.

In full agreement with the previous bottom at 3500 ADJUSTED for inflation.

Converges with similar predictions by supply zone and multi-year Bitcoin lowest values behaviour.
btcshortbtcshortsetupBTCUSDBTCUSDTDescending ChannelSELLselloffshortSupply and DemandSupport and ResistancetrendTrend Analysis

Haftungsausschluss