The above chart of Bitcoin laid out an ascending channel pattern. Ascending channel also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Bitcoin (BTC) is in the range of $24515. If the pattern continues, the price of BTC might reach the resistance levels of $32119.If the trend reverses, then the price of BTC may fall to $18988
Comment your direction Probability 1 or Probability 2 ?
Currently, Bitcoin (BTC) is in the range of $24515. If the pattern continues, the price of BTC might reach the resistance levels of $32119.If the trend reverses, then the price of BTC may fall to $18988
Comment your direction Probability 1 or Probability 2 ?
Note
Note
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Related publications
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.