Bitcoin - Channel, Breakout and a $250.000 Target!

Hello Traders and Investors, today I will take a look at Bitcoin.

--------

Explanation of my video analysis:

On the higher timeframes of the Bitcoin chart - symbol BTCUSD - you can immediately spot a simple rising channel formation. About a year ago, Bitcoin retested and rejected the lower support of the rising channel formation and is now retesting the previous all time highs at $65.000. If we see a breakout, the next resistance is all the way up at $250.000.

--------

Keep your long term vision,
Philip (BasicTrading)