🔥 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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