Peace be upon you #SaylorBTCPurchase
🍁BITCOIN - Bitcoin Sell Zone
With the help of the Peaks Indicator 🔴 and the Bottoms Indicator 🔵
The price of Bitcoin is based at the sell zone of 96,000, from which the price is expected to rebound downwards towards the support zone of 89,000. Meanwhile, the price is forming a downward channel in black, and we can see that the price is hovering around the upper trend line of the channel, which intersects with the resistance zone of 96,000, giving it selling significance with the downward trend on the daily timeframe as shown.
In the coming days, after the downward rebound that may occur reaching the support zone of 89,000, we expect the price to rebound upwards to break through the upper trend line of the channel and continue the overall upward trend of Bitcoin, forming new peaks.
🍁The analysis published on this page aims at education and not implementing recommendations. Every trader should be independent and not blindly influenced by recommendations; rather, they should understand the market and the analysis to enter opportunities with confidence and knowledge of the reason for entering a buy or sell position.
