Bitcoin Price Prediction: Over the past two weeks, the Bitcoin price has struggled to maintain a sustainable bullish momentum as the traders witness high supply pressure from the $36,000 mark. The daily candles with short bodies and higher wicks have created an uncertain sentiment across the crypto market. Will this indecisiveness lead the BTC price into another correction?
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Current Uncertainty Threatens Potential Correction
A breakdown below the channel pattern would set a 10% drop
The BTC price may face suitable support at $33250 followed by $32000
The intraday trading volume in Bitcoin is $10.2 Billion, indicating a 19% loss.
Source-Tradingview
The 4-hour chart reveals the Bitcoin price action fluctuating within a rising channel, marked by two ascending trendlines. The two dynamic resistances and support confine BTC in a narrow no-trading zone.
Such a pattern typically suggests a downside r
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