$BTC/USD Price transition toward the end of the year

Today we will consider the year-end market price of BTC.

BTC has recently been trying to break out of the long-term ascending parallel channel (pink area). Attention is being paid to whether or not to get out of here.

Even from a short-term perspective, the price movement is within the rising parallel channel (green area). There may be a temporary rebound, but the downside is at this channel lower limit line and various moving averages. It is strongly supported and gives a solid impression.

If it continues to rise, the next level of consciousness is the parallel channel upper limit, the price is about $27,000, and there is a possibility that it will increase by about 10%.

On the other hand, the last fort support line is $ 24,000. If it breaks here, I have to exit.


Despite the low liquidity market conditions, the slump in Altcoin shows there is a possibility that funds will be collected in Bitcoin.

Being aware of the middle line of parallel channels, the loss cut line is a market that you want to strategically attack long