Downward Channel = Ascending Breakout to Come
Downward channel = ascending breakout. A breakout to test the $8,282 is expected on the one hour. A significant breakout is needed for the bulls to crush through higher resistance levels. RSI & MACD indicate a reversal. If bulls cannot carry this pivot, expect a retracement to test support at $7,750 levels. #BTC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.