Bitcoin has established an upward-trending channel, indicating bullish momentum. However, there is potential for a reversal as the upper boundary of the channel could serve as a resistance on the daily timeframe. The anticipated pullback is expected to test levels in proximity to $30,000.
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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.