$BTC
Hello esteemed community.
Bitcoin is consolidating in a descending channel and is currently facing a bounce from the trend resistance line.
The 50 MA and 100 MA are providing strong support below the price action.
A break below this support level could lead to further declines, while a bounce could trigger a potential breakout.
A confirmed breakout of the channel will signal a transition to a bullish trend.
Good luck friends.
