Technical analysis by sinanv1992 about Symbol BTC: Buy recommendation (4/22/2023)

The last update of the BTCUSDT chart depicts a bullish trend for a long time (Daily Time Frame), although there might be some price correction to break this gentle uprising slope. However, In the short duration (4H-15min Time Frame) downward trend is expected due to fundamental news for the Crypto market. On the one hand, it is wise to say that if the descending rhythm is going to break a support area ( 26500 -27000), we will see a strict fall to the resistance area ($24000-25200). On the other side, when we witness a move toward the channel, then after, we often experience a trading range followed by. So, we may be waiting for a positive break out which will increase the market price to pass the $32000 in no distant future.