Bitcoin Price Prediction: On November 21st, the crypto market put in a sudden surge in selling pressure as the Binance CEO Chenpeng Zhao ‘CZ’ stepped down from the company. As a result, the leading cryptocurrency Bitcoin witnessed a 3% intraday drop and continued its sideways action below the $38,000 resistance. However, a look into the Daily time frame Chart shows this consolidation as the formation of an expanding channel pattern. Here’s how this pattern could influence the near future trend of Bitcoin.
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Bitcoin Price Prediction: Bearish Pattern Hints Extended Correction
The BTC price sustainability above the recently breached channel should bolster further rally.
A breakdown below the new support trendline could trigger a fresh correction in the BTC
The intraday trading volume in Bitcoin is $16.3 Billion, indicating a 46% gain.
Source-Tradingview
The ongoing recovery in Bitcoin price started to show a waning bu
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