We touched the upper trendline of the 2017 channel twice, marking new ATHs in late 2024 and early January 2025. Following the second touch, we shifted from the previous bullish channel into the current bearish channel, simultaneously completing a correction that was overdue for at least half a year. The potential breakout point from this bearish channel is...
The first shot of 2025 turned out to be strongly bullish. I think we really needed it.
Since the end of 2017, the Bitcoin has been moving in a healthy channel up to this day, touching the upper trendline of the channel twice as often as the lower one, while nicely reacting to the Fibonacci levels of the channel. Currently, it is still moving within this practically all-time bullish channel. However, as a result of the Trump-jump, it has now reached...