đ„ Bitcoin Channel Break Out: Bullish Price Action Ahead
Yesterday I made an analysis on Bitcoin. I argued that BTC was trading in a bullish channel and was likely to follow the chart pattern in the near future.
In the end, volatility was higher than expected, and we've got a re-test of both the support and resistance within a day.
Earlier this morning, BTC saw a huge bullish move which launched the price right through the resistance line. A small re-test of previous highs was needed, and we're seemingly back in the game.
If the current move manages to hold the $56k support, I'm expecting BTC to reach $58k in the coming days, potentially even $60k.
Happy trading!
In the end, volatility was higher than expected, and we've got a re-test of both the support and resistance within a day.
Earlier this morning, BTC saw a huge bullish move which launched the price right through the resistance line. A small re-test of previous highs was needed, and we're seemingly back in the game.
If the current move manages to hold the $56k support, I'm expecting BTC to reach $58k in the coming days, potentially even $60k.
Happy trading!
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