Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: New Channel Forming!

Bitcoin continues to trend higher even as it sold off from the recent sharp rally. Price is testing support at the bottom of its ascending channel on the 1-hour time frame, and the Fib extension levels show upside targets. The bottom of the channel lines up with a former resistance level that appears to be adding to its strength as a floor. This is also around the moving averages’ dynamic…
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