Bitcoin broke out of the long stretched downward trending channel and passed through resistance level on a daily chart. It seems like BTC might close the weekly candle above the $8,000 price point, which would be a confirmation for a trend reversal.
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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.