Bitcoin is forming a channel, if it breaks to the upside it could easily run up to $30,000 USD.
Bitcoin has had a 9 week run from $10,500 USD, straight up to $19,500 USD. The $19,500 USD is in its previous all time highs from December 2017.
This channel could easily be Bitcoin consolidating before making a break to the upside for its next big run.
Bitcoin could also break to the downside to take a breath from the nine week straight run up.
Always do your own analysis, and wait for validation before entering in a trade. Trading is not gambling.
Bitcoin has had a 9 week run from $10,500 USD, straight up to $19,500 USD. The $19,500 USD is in its previous all time highs from December 2017.
This channel could easily be Bitcoin consolidating before making a break to the upside for its next big run.
Bitcoin could also break to the downside to take a breath from the nine week straight run up.
Always do your own analysis, and wait for validation before entering in a trade. Trading is not gambling.
Disclaimer
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.
Disclaimer
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.