Bitcoin / TetherUS
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Bitcoin "Channel Trend" 18k? Soon

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

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Technical IndicatorsTrend AnalysisWave Analysis

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