Bitcoin channels support and resistance, longterm

2022년 9월 18일

As you can see, BTC is back at the bottom of a confluence of two long term support lines, 20k now is the same as 10k from a few years ago. I'm expecting a bullish break out soon to cross above the red downtrend resistance line and retest the top of the current black channel it is in to 40k, the chop sideways in the channel until 3/2023 - 5/2023 which is approximately 1 year prior to the next halving. The lame duck democrats will boast about how they controlled inflation, the USD will drop and risk on assets will be favorable, especially BTC and altcoins.