BTC might be entering the ascending channel

20 de jul. de 2022

BTC USD might be entering one more time the ascending channel in purple. In order to achieve this, BTC should reach the 30K price level. At the current price level at 23K, BTC is already above the 200 weekly simple moving average one more time, which is a bullish sign. We need to wait and see if the current weekly candle closes above 23K to get a bullish confirmation (5 days left to get this first confirmation).