At $73,000, bears tried to sell Bitcoin, but its long tail implies robust buying on intraday dips. For several days, the BTC/USDT pair has been climbing in an ascending channel pattern, but bears have kept the price below the resistance line. However, if bulls push the price above $73,000 this time, the positive momentum might build, and the pair could soar to $77,000.
Unlike this scenario, if the price falls and breaks below $65,000, the pair may drop to the channel’s support line. If the bears drive the price below the channel, the selling could accelerate. The duo may decline to $59,000, then to $54,000.