Bitcoin "Channel Trend"
Hourly Time Frame Analysis
The above chart of Bitcoin laid out an ascending channel pattern, also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend .
Currently, Bitcoin is in the range of $17188. If the pattern continues, the price of Bitcoin might reach the resistance levels of $18160 .If the trend reverses, then the price of Bitcoin may fall to $16790.
Based on the previous two recovery levels, Target Range has decided
Happy Trading
Hourly Time Frame Analysis
The above chart of Bitcoin laid out an ascending channel pattern, also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend .
Currently, Bitcoin is in the range of $17188. If the pattern continues, the price of Bitcoin might reach the resistance levels of $18160 .If the trend reverses, then the price of Bitcoin may fall to $16790.
Based on the previous two recovery levels, Target Range has decided
Happy Trading
