$BTC
Bitcoin - A New Shift?
With the help of the peaks indicator🔴 and the troughs indicator🔵
After reaching historical peak prices, we see a shift in direction and a downward correction for Bitcoin appearing with the current channel formed by the price in blue. The price is currently resting at a very important and pivotal area for Bitcoin, which ranges between 106700 and 108000 marked in yellow. This is a selling area from which the price can rebound downwards within the descending channel. However, a breakout of this area upwards reinforces Bitcoin's rise, and we see new prices and peaks.