Analyst: Bitcoin recently touched the upper channel, and the area around $110,700 has now become a resistance level
According to Jinse Finance, crypto analyst Ali has released a chart showing that Bitcoin (BTC) recently touched the upper boundary of its channel, which is located near $110,700 and has now become a resistance level. Several upper wicks have appeared at this price point, indicating that the price has encountered resistance and pulled back, increasing the risk of Bitcoin retracing to $107,200 or even $103,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zuckerberg: Meta Reaches AI Frontier, Refuses to Slow Development
Bitmine Adds 12,532 ETH as Tom Lee Forecasts Historic Crypto Bull Market
Nasdaq warns Ortelius of possible First North delisting over unpaid fees
Crypto prices
More
