Potential movements towards the upper channel res
Bitcoin is consolidating within a broad range, showing no significant trend changes. Observing key support at $60,000 and potential movements towards the upper channel resistance within an ascending channel pattern is crucial.
6/24/20241 min read
We observe that Bitcoin is currently consolidating within a broad range, showing no significant trend changes, and remaining in a choppy market. We identify an ascending channel pattern that has yet to be completed, approaching its lower channel support. Within this channel, the price is nearing important demand zones, indicating potential buying interest.
Now we are looking for a key support levels around $60,000 and resistance at higher channel levels. It's crucial to observe the price action at these demand zones, considering potential movements towards the upper channel resistance.