BITCOIN - BTC/USD - BTCUSD could see a potential rebound - 07/10/2024 (GMT)
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- Timeframe : Daily
BITCOIN - BTC/USD Chart
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Technical Perspective
In the daily chart, BTCUSD extended its decline within the descending
channel, with the price approaching the 52500 support zone. If BTCUSD rebounds above 52500, the price could rise to retest the 65500
resistance. Conversely, a bearish breakout of the channel could prompt a further decline towards 47200.
In the daily chart, BTCUSD extended its decline within the descending
channel, with the price approaching the 52500 support zone. If BTCUSD rebounds above 52500, the price could rise to retest the 65500
resistance. Conversely, a bearish breakout of the channel could prompt a further decline towards 47200.
This member declared not having a position on this financial instrument or a related financial instrument.
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