TradingZzone

Bitcoin $BTC hit the upper trendline of the Ascending Channel

Short
TradingZzone Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC has reached the upper trendline of the rising channel, a breakout of the upper trendline can take the price to a new ATH.
Otherwise, it is likely that the price will be rejected at this point and back to the lower trend line and even break out from there.

- Overall, the trend is still bullish in the long term (see the big rising channel)
- RSI is in overbought territory
- All the possible targets in the chart

Please like and follow to get more ideas like this 🔥
Trade active:
So far BTC has followed my chart perfectly as expected...watching $47k ...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.