BTCUSD Still Holds Ascending Channel

20 בפבר׳ 2021

Bitcoin still holds its long ascending channel. This ascending channel has temporarily been broken upward couple of times, but never downward so far. BTC is still in this channel and looking very bullish. Every time BTC is testing top boundary of ascending channel means new all time highs, and it seems it will continue. Unless BTC breaks the ascending channel downward with very high volume coming in, I do not think BTC will encounter huge correction. Right now, we might see pullback to 54K USD and bouncing off from that point.