As discussed before Bitcoin price has broken the upper channel trend line resistance. Must confirm it as a support to see more upward price movement. If confirmed, the channel breakout target is $47k this will not happen in one shot but eventually.
Bitcoin has broken into the top range as we discussed but it is important to hold support (previous resistance) during the daily close. The current resistance is $31500.
SCC did not come for appeal that means deadline is overs. But the EtF is no yet approved, but we get the pleasure of approval soon
If we now look at the current market situation Bitcoin is currently approaching a significant declining trend line on the 1 hour time farme and is attempting to break though or reverse from it.This is an important moment as it can give us insight into the potential short term price movement Bitcoin.