Btc

Dear traders!
A classic bearish breakout has formed from the $72,000 resistance after failing to break above the local $74,000 resistance as expected earlier. And there is a huge selling pressure around the $68,385 level (as observed on the H1 timeframe) and if the decline continues without a broken channel resistance, the bears could target $56,000. But in the long term, the outlook remains quite bullish as the price remains above the stable channel support line.
https://www.tradingview.com/chart/BTCUSD/HED4KC2a-Latest-BTCUSD-analysis/