BTC resuming 8 year uptrend channel
You can see BTC is in an uptrend (yellow) channel going back to 2011. Notice how it bottomed and was supported by the bottom of the channel last Dec 2018. Notice what has happened when it breaks up into the top half of the channel, and then breaks above the top of the channel, marked with the green arrows.
At the same time, BTC recently broke above the top of the downtrend (pink) channel it began at the top of 2017 bull market. It broke above top level resistance at 7k and has already retested the top of the pink channel.
Will keep an eye on this chart and update as we go
At the same time, BTC recently broke above the top of the downtrend (pink) channel it began at the top of 2017 bull market. It broke above top level resistance at 7k and has already retested the top of the pink channel.
Will keep an eye on this chart and update as we go
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