BTC Technical Analysis on Daily Timeframe.
$BTC continues its movement while stuck within the Range after its ATH. We have now reached the midpoint of the Range. This point will be the deciding region for us. In the scenario where the midpoint of our channel moves the price up, we can first expect a trend break and gain indicated by the dotted area, followed by a trend transformation and then a new ATH.
In case of a downward break of our channel midpoint, we notice the only GAP (price gap) region that has not been cleared within the range. If this region does not rise to return the price, we can expect the lowest point of our channel structure to be tested. In case of a downward break of the channel, if the price movement is not aimed at obtaining liquidity, lower levels may occur. #BTC☀