Descending Channel Break

By Mrhayek
BTC breaks a key technical level after getting rejected 2 weeks ago. We now have a closed daily candle outside of the descending channel as well as a close above the 55SMA. The technicals support a an imminent bull run if we can break the 11700 level. I expect BTC to rally over the next few months, causing a broader market move for altcoins.
BTCBTCUSDChart PatternscryptoraderTrend Analysis
Mrhayek

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