For the first time since 2014, the price of bitcoin (BTCUSD) today traded above the middle line of a longer term channel (see dotted white line in above chart) which on its own is a very bullish technical event, incidental to the recent bullish price surge, now that it is trading above the middle regression line of the channel.
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.