Hello Traders and Investors, today I will take a look at Bitcoin.
--------
Explanation of my video analysis:
For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside. Considering that Bitcoin is now retesting previous resistance, it is quite likely that we will see a short term rejection first.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside. Considering that Bitcoin is now retesting previous resistance, it is quite likely that we will see a short term rejection first.
--------
Keep your long term vision,
Philip (BasicTrading)