Bitcoin Update: Break of upward channel
For the past 2 weeks price action has ranged in a clear, definitive upwards channel; recently bitcoin has extended gains breaking out of this channel to reach a new ATH. If the top trend line can get multiple confirmations of holding as support, we can anticipate the next major leg up as the rally continues. If the price breakdowns back into the channel, the next mid term support will be the bottom trend line.
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