BTCUSDTBTCUSDT SPOTBYBIT:BTCUSDTHAMED_AZHello Traders! 👋 What are your thoughts on BITCOIN? Bitcoin appears to be moving within a descending channel. Upon reaching the upper boundary of the channel, which coincided with the major resistance zone at 117,000 – 120,000 USDT (and the 61.8% Fibonacci retracement ), the price entered a corrective move. The short-term ascending trendline has already been broken. As long as the price stays below 118,000 – 120,000, the correction is likely to continue. Despite the short-term selling pressure, the medium-term trend remains bullish. The ongoing correction could serve as a healthy pullback before the larger uptrend resumes. Don’t forget to like and share your thoughts in the comments! ❤️