Hi friends hope you are well, and welcome to the new update on Bitcoin.
Breakout and rejection:
On an hourly time frame, recently Bitcoin has broken out a down channel and a symmetrical triangle. But after a short rally BTC is rejected by the resistance of $20800 and now testing $20k support.
The most powerful bottom signal:
On a monthly time frame, William vix fix market bottom indicator is giving a signal for Bitcoin's market bottom. Before this, it has signaled 2 times. First for signaling to the Top and the second time for the Bottom. Now third time again it is signaling the Bitcoin market's bottom and now a major price reversal is possible in the long term. The history shows that this indicator has never given false signal for top or bottom.
For a detailed analysis, you can watch the video.
▶️ 3Speak