Hi friends hope you are well, and welcome to the new update on Bitcoin.
Finally, Bitcoin has broken out a key resistance of $21500 and at the same time BTC has also broken out a down channel and an ascending triangle as well. These patterns were formed on a daily time frame. Now there is a probability that the king of all cryptocurrencies may retest a resistance of the triangle as a support or it may retest the resistance of the channel as support. On a weekly time frame, the oscillators are continuosly turning bullish which is a signal that Bitcoin has bottomed out. For a detailed analysis, you can also watch the video.
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