BTC 🚨UPDATE

The price is trading in a descending channel, which means that the market is bearish in the short-term. The upper boundary of the channel is around 123,218, while the lower boundary is around 112,166. 2. Support & Resistance Levels: 🔻 Support Levels: Strong support: 112,166 Major support: 108,180 Critical support: 105,100 🔺 Resistance Levels: Immediate resistance: 116,152 Strong resistance: 118,899 – 120,137 3. RSI (Relative Strength Index): Current RSI = 29.39 RSI is below 30 → Oversold Zone This means that there is a lack of buyers in the market, but a bounce is possible.