Bitcoin on the edge of something big!

BTC has been consolidating quite a while in this bullish channel. If it breaks out and we see a close under the channel, we can expect to see a short-term downtrend. If it breaks above the channel, a long position can be made and we should look to retest a new ATH as our target. Here are my targets for a short-term bearish condition. I await a close on the 4 hr underneath the channel. Afterward, profits will be taken at previous support

Will BTC remain in the channel? Only time will tell.

NOTE: This is not financial advice. Enter any trade at your own risk.

Trade chiuso: obiettivo raggiunto:

Well that was fast