The price of bitcoin (BTCUSD) opened today's trading with a sharp decline, losing around 10% of its value to reach the 40295.00 areas, and reached the support of the ascending main channel that appears on the chart, in noting that the price rebounded quickly from there to stabilize around the 42205.00 areas, and is trying to recover and resume the main uptrend, but we prefer to remain neutral until trading stabilizes and we were getting a clearer signal for the next trend.

We highlight that breaking 42205.00 and stability below will put the price under further negative pressure targeting the 40295.00 areas again, while surpassing 42625.00 will push the price to try to resume the main path upwards and make gains. winnings reaching 45000.00.