And #Bitcoin is at $79,000 now 🔥 We talked about all of this when it was at $62K
Post
The_Boss10
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🔷️ $Bitcoin is still stuck beneath a level that has repeatedly rejected the recovery.
The daily chart shows the earlier rising channel breaking down into a broad descending structure. Since then, $BTC has been compressing between falling trendlines, with the blue horizontal resistance acting as the main ceiling. The repeated failures to reclaim that area keep the structure cautious. 👀
What stands out is how similar the current consolidation looks to the pause after the previous breakdown. A decisive move out of this descending structure should be much more informative than the small fluctuations inside it. Until then, the market remains in compression rather than confirmed trend reversal.
⚠️ Not financial advice.
#BTC #ALTCOİNS #DEFİ #Web3
The daily chart shows the earlier rising channel breaking down into a broad descending structure. Since then, $BTC has been compressing between falling trendlines, with the blue horizontal resistance acting as the main ceiling. The repeated failures to reclaim that area keep the structure cautious. 👀
What stands out is how similar the current consolidation looks to the pause after the previous breakdown. A decisive move out of this descending structure should be much more informative than the small fluctuations inside it. Until then, the market remains in compression rather than confirmed trend reversal.
⚠️ Not financial advice.
#BTC #ALTCOİNS #DEFİ #Web3