BTC goes steadily
On the whole, the price of Bitcoin is in a steady upward trend and is located in the middle and upper part of the rising channel. The two parallel black trend lines and green channel line clearly define the current price fluctuation range.
The price of Bitcoin continues to run in the upward channel, and the downward track (black trend line) provides strong support, while the upper orbit (green trend line) is the potential resistance level of future upward.
The current price 102,511 is trying to break through the previous high area, but the red trend line in the picture shows that there is a certain backward pressure in the short term. If you can get support near the lower track of the channel, it is expected to continue the upward trend.
If the upper track of the rising channel is broken, the price of Bitcoin may impact from 110,000 to 112,500. Otherwise, the price may be adjusted to the 100,000 line in the short term to seek new rising kinetic energy.
Bitcoin is currently in the rising channel, and the bulls still dominate, but there is a short -term risk of callback. Pay attention to the support and key resistance levels of the passage, operate cautiously, and wait for the rising confirmation signal after the recovery.
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