#BTC has been trending in the channel for the past four weeks. Bottom of the channel trendline was tested recently and now #BTC is trending towards the upside. Currently, we are testing the middle trendline. Next, will try to break major resistance at $7.5k. The final target is in the areas of $8k - $8.2k in confluence with Hight Timeframe Fibonacci 6.18 target as well as reaching Fibonacci extension algo target 1:1.
Price Action and Fibonacci analysis
Price Action and Fibonacci analysis