Bitcoin

Bitcoin is Forming a Channel - Which way will it break?

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Bitcoin is forming a channel, if it breaks to the upside it could easily run up to $30,000 USD.

Bitcoin has had a 9 week run from $10,500 USD, straight up to $19,500 USD. The $19,500 USD is in its previous all time highs from December 2017.

This channel could easily be Bitcoin consolidating before making a break to the upside for its next big run.

Bitcoin could also break to the downside to take a breath from the nine week straight run up.

Always do your own analysis, and wait for validation before entering in a trade. Trading is not gambling.

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