BTC hits top of trend channel
Bitcoin / USD has hit the top of its current trend channel, and is not currently in a breakout. Yes, it has had a good week compared to previous ones, but until it breaks above the trendlines, don't expect much yet..
Also in the chart, we see previous resistance around the 50% Fibonacci retrace line, so if it does make a run for it, expect to see some downward pressure there.
Long-term I am very bullish. Supply gets cut down every 4 years, Millions of BTC already locked up / cannot be accessed, and history does repeat itself.
Also in the chart, we see previous resistance around the 50% Fibonacci retrace line, so if it does make a run for it, expect to see some downward pressure there.
Long-term I am very bullish. Supply gets cut down every 4 years, Millions of BTC already locked up / cannot be accessed, and history does repeat itself.
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