crypto

BTC Price Analysis: Bitcoin’s Consolidation About to End as Major Move Seems Imminent

On the daily chart, it is evident that the Bitcoin price has been consolidating inside a large descending channel.

If this level breaks, there is a high probability for the channel also to break down, and the price will be more likely to experience a massive drop toward the $52K support zone.

Does it result in triangular convergence?

Thanks for the valuable information. 1 $degen

I hope the consolidation ends and the uptrend begins.