Where This Breakout Can Lead BTC | Breaking Out This Channel Is A Big Relief For Bitcoin Holders


Hi, dear friends hope you are well and welcome to the new update on Bitcoin (BTC).

 

Broke out Channel and a triangle:

On hour time frame, Bitcoin has broken out a channel and a triangle.

TradingView Chart

Support and resistance levels:

In the same hourly time frame, Bitcoin has moved above the $20k resistance. Now it is very important for BTC to break the $21k resistance as well.

TradingView Chart

 

 

Weekly oscillators:

On a weekly time frame, RSI and stochastic oscillators are still oversold and stochastic is showing a bullish divergence, as priceline is setting lower low and stochastic is forming a higher low. At the starting of the week MACD has again started turning bullish.

TradingView Chart

For a detailed analysis, you can watch the video.

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