Monthly shows BTC is in a Bullish Ascending channel confirmed by the higher lows and higher highs and the resistance/Support bands at the sides of the channel.
The expected behavior should be a move to the top of the channel.
The target for the move upwards should lie between the 150k to 160K zone .
Note: should BTC fall out of the Ascending channel then this will indicate a possible shorterm drop to the 76K area of support before a recovery back upwards .
Trade active
This also looks to be a slow move up and much patience is needed .
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.
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.