Alikze »» BITC | Ascending channel - 4H
2024-11-14

🔍 Technical analysis:  Ascending channel - 4H
 

- Bitcoin has already touched the supply range according to the analysis presented in the daily target time frame.

  

- In the 4H time frame, it is moving in an ascending channel, which has managed to register an ascending candle in the supply area in the 4-hour time frame.

- In case of failure of the supply zone, the specified movement path can touch the $100,000 targets of 106,250 and 112,500.

NEXT TARGET: 
🎯 100.000$
🎯106250 $
🎯112500$

SUPPORT LVL
💹 75000$

💎 In addition, if the sales pressure increases in the supply area, an alternative scenario can be realized.

⚠️  In the alternative scenario, with selling pressure in the supply area by entering the second pullback channel, it can continue to correct until the bottom of the second channel and Fibo 1.618, the range of $75,000.⚠️ 
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  BINANCE:BTCUSDT  
