FX.co ★ BTC analysis for February 05,.2021 - Watch for breakout of the upward channel to confirm further downside

Further Development

Analyzing the current trading chart of BTC, I found that BTC is trading in the well defined upside channel and the downside breakout might confirm bearish stance.

Key Levels:

Resistance: $38,550

Support levels: $32,322 and $29,650