BTC update - Sep 30 2024
2024-10-01

#BTC crossed below the recent ascending channel as was expected. In fact BTC had the potential to move towards 69,000 level but the recent GeoPolitical news might have affected the upward move.

it's expected to see a retest of the broken channel and the 64,600 - 65,700 zone followed by a sharp drop in the market.

8H close below 62,300 level shall further confirm the downward move. if BTC rises above 66,500 level (which is unlikely), this analysis needs to be updated and changed.