BTCUSD: Entering the Channel Up sell zone. 32,000 incoming.

٩ نوفمبر ٢٠٢٣

Bitcoin has started the formation of the HH on the long term Channel Up as the 1D technical outlook got overbought again (RSI = 81.981, MACD = 1637.000, ADX = 66.110). The CCI is forming that same toppish pattern as July 10th, April 10th and February 2nd. We are targeting the 0.5 Fibonacci level (TP = 32,000).

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