Ascending Channel Forming --- Could Continue Uptrend Upwards
Bitcoin has been forming an ascending channel this past month but volume is declining and rsi is showing bearish divergence.
If this ascending channel holds it could give good signs for bulls but if it breaks it could start a sell off for the short term
If the channel breaks below i can see us bouncing at the 50 moving average (blue line) and continuing the bull trend
If this ascending channel holds it could give good signs for bulls but if it breaks it could start a sell off for the short term
If the channel breaks below i can see us bouncing at the 50 moving average (blue line) and continuing the bull trend