🔥 Bitcoin Channel Break Out: Bullish Price Action Ahead

Yesterday I made an analysis on Bitcoin. I argued that BTC was trading in a bullish channel and was likely to follow the chart pattern in the near future.

In the end, volatility was higher than expected, and we've got a re-test of both the support and resistance within a day.

Earlier this morning, BTC saw a huge bullish move which launched the price right through the resistance line. A small re-test of previous highs was needed, and we're seemingly back in the game.

If the current move manages to hold the $56k support, I'm expecting BTC to reach $58k in the coming days, potentially even $60k.

Happy trading!