BTCBitcoin / Tether USDKRAKEN:BTCUSDTDawoodAliKhan1995Channel Setup BTC appears to be trading (or has recently traded) inside a parallel channel. Channels are formed by two roughly parallel trendlines — an upper resistance line, and a lower support line. The News Minute +1 In some recent analyses, the support of this channel is being defended, highlighting a “revised” lower trendline that’s critical for continued bullish momentum. Blockchain News However, there is evidence that BTC has broken down from some earlier descending parallel channels. BeInCrypto There’s also ambiguity in momentum — depending on the time frame, some indicators are bearish, others slightly bullish