BTC/USDT
2024-12-07

We’re currently observing a bearish setup in the form of an ascending channel pattern, which typically signals a potential breakdown in Bitcoin’s price. However, markets don’t always adhere strictly to patterns, so there’s still a possibility for a bullish breakout. If Bitcoin manages to break above the upper boundary of the channel, it would invalidate the bearish outlook and shift momentum toward the upside. As always, stay flexible and prepared for either scenario.