Bitcoin bullish (Channel + Moving Average)
Hello everyone, please pay attention:
Bitcoin has broken out of its 2-hour channel to the upside. This channel lasted for about 18 days, and after breaking upwards, it made a small pullback to the channel's boundary.
Now, let's analyze the trend after the breakout: The trend started at 54804, and based on the reactions to the 55-period Moving Average, it moves away from the moving average after each reaction.
In my opinion, this could be the starting point for a buy trade, with two potential Take Profit (TP) targets:
The first TP is between 58895 and 59410, where there is an order block and pivot point.
The second TP is at 61305, where Fibonacci levels converge with resistance.
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