BTCUSD was identified at around 118356.65 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 116828.2088 level.
A Channel Up has formed, BTCUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
