BITCOIN Update:
BTC price is still trading within a channel
Support: In the 4-hr timeframe, $16,650 serves as support in an upward channel. BTC should move inside this channel until the FOMC meeting.
Resistance: $18,400 is resistance for BTC. Any positive move in the US index can help move BTC towards $18k.
The FTX death spiral dropped BTC from $21000 to $15500, means breaking the 6-months support from May to Nov.
If BTC breaks recent low of $15,500 then we could reach the $13,400 to $14,000 levels
Targeting $28,000 to $38,000 by July 2023
@ChartsSignalsTrading
