"#Bitcoin❗ is currently trading around $65,893 and has been forming a parallel channel since March 2024. While it's impossible to predict whether the price will break out or drop, some technical analysis suggests that #bitcoin☀️ is now nearing the upper boundary of the channel.

If the price breaks out of the channel with strong volume, there’s a good chance it could retest the all-time high supply zone or resistance at R1: $73,652.87, as shown in the chart. However, if the price stays within the channel, we might see it move downward, with the first support at S1: $63,054.78, followed by S2: $57,935.98 and S3: $53,826.51.

You can use these levels for your own trading strategy, whether you’re looking to go long or short. Remember, my analysis is just for ideas, and you should always base your decisions on your own research. Hopefully, this gives you some valuable insights for your next Bitcoin trade!"

#LuckySevenTrader $BTC #Follow_Me_For_More