The Donchian channel shows that #BTC 's 20-day low has continued to move lower. Since October 29, new 20-day lows have been set on 7 days, most recently on November 10.
In the short term, watch to see whether the lower band can flatten out; this would be an initial sign that the decline is stabilizing. A confirmed reversal would still require a daily close back above the upper band, around $82,000.
In the short term, watch to see whether the lower band can flatten out; this would be an initial sign that the decline is stabilizing. A confirmed reversal would still require a daily close back above the upper band, around $82,000.
