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Bitcoin Channel Breakout

BannanaTrader  
BINANCEUS:BTCUSD   None
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinforecast bitcoinpriceprediction bitcoinanalysis bitcoinprice bitcoinusd BTCUSD
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trendanalysis chartpattern indicator bitcoin bitcoinforecast bitcoinpriceprediction bitcoinanalysis bitcoinprice bitcoinusd btcusd
As you can see, bitcoin has been falling in a descending channel.

Furthermore, the rsi has been forming a bullish divergence...

Keeping our S/R lines in mind, it would be probable to see a breakout of the channel, followed by a bounce up to and off of the 39K line

Good luck Traders!
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