BITCOIN continues to carve out an upward channel
BITCOIN has been gradually recovering since hitting the recent low at 17578 in mid June.
Since that day we've seen BTC carve out an upward channel.
26817 is the next line of resistance which coincides with the .382 Fibonacci level.
As BTC chugs higher so all other main digital assets will follow so I'd be a buyer in this market as things stand.
As ever BTC is vulnerable to wild market swings so a steep fall cannot be ruled out though conversely a spike higher is just as likely.
Since that day we've seen BTC carve out an upward channel.
26817 is the next line of resistance which coincides with the .382 Fibonacci level.
As BTC chugs higher so all other main digital assets will follow so I'd be a buyer in this market as things stand.
As ever BTC is vulnerable to wild market swings so a steep fall cannot be ruled out though conversely a spike higher is just as likely.
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.