$BTC UPDATE
Price is in an Uptrend, consolidating in a Sideways Channel ($60K - $72K). Swing traders: could trade the channel â€" enter near $60K and exit near $72K. Stop Loss at $55,800, just below prior swing low. Trend Traders: wait for price to break out of the Channel, above $72K, which would signal continuation of Uptrend with upside potential to $79K next.
Price is trading in a Sideways Channel, which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance.
Nearest Support Zone is $60k, then $50k.
