Alikze »» BTC | Ascending channel
2024-11-02

🔍 Technical analysis:  Selling pressure at the ceiling of the ascending channel and the supply area 

According to the  analysis presented  in the 8-hour time frame, Bitcoin is moving in an upward channel.

  

- In the predicted movement path of the previous post, after a temporary correction to the green box range, Bitcoin managed to continue its growth to the ceiling of the ascending channel and the supply area.

- At present, sales pressure has been faced in the area of ​​the channel roof and the supply area.

💎Therefore, it can have a correction to the green box area with a pullback to the supply area or the middle of the second ascending channel.

💹 The support and demand area ranges from $64,062 to $65,625. 

 ⚠️In addition, if it can break the supply zone, it can retest the previous major ceiling.⚠️ 
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