According to weekly chart analysis of BTCUSD, we can see a well worked rising channel in long term run.
I marked how this trend lines react to price every time!
Now it seems price is going to touch upper trend line again which is around 120.000$.
Weekly candles are strong bull and market are heating up more and more with news and people attentions...
So according to past price volatility of Bitcoin and what I said above, price target would be accessible in few month.
* This is an analysis and is not a signal to trade
I marked how this trend lines react to price every time!
Now it seems price is going to touch upper trend line again which is around 120.000$.
Weekly candles are strong bull and market are heating up more and more with news and people attentions...
So according to past price volatility of Bitcoin and what I said above, price target would be accessible in few month.
* This is an analysis and is not a signal to trade