Decending channel pattern in BTC

Note: This section contains information in English only.
Source: Dukascopy Bank SA
BTC/USD chart shows that the price is in a clear and structured downtrend.

This pattern of lower highs and lower lows means sellers are in control. The price is currently in the lower half of the channel and below its key moving average, and the RSI indicator also confirms this bearish momentum.



The most likely path is a continued fall towards the channel's support floor near 120000.00 A bullish reversal would only be signaled if the price can decisively break out above the channel's resistance ceiling around 123000.00
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