Yesterday I made this same screenshot for you, showing that the price of Bitcoin broke down through the trend channel. And today it has returned))
This is not financial advice, the channel I drew is 1 month old, it is unreliable. But still, maybe we will reach 107000 😍 - this is the upper limit for now. And the slanted trend line is still acting as new support.
( 🙏Please like, we need 10 likes )
Yesterday at 21:00 the Fed announced its decision on the interest rate. Who traded yesterday? The tension was palpable through the screen from the chart.
For several hours, the price stood almost still. 20:50 - it went down, apparently someone lost their nerve. During the press conference - several jumps back and forth. "The economy is generally stable" - whoosh, the price went up. "But the tariffs worry us" - whoosh, the price went down 😂
I traded the same price range several times.
I hoped that the price would drop lower. But this is good too, overall I am satisfied.
We see that the price of BTC is still heavily dependent on news. This is because 90% of all bitcoins are currently profitable (they were bought at a lower price). And holders are monitoring the news, ready to take profits at any moment.
Your forecasts?
