Bitcoin: Current Channel. More upside in sight?


Bitcoin: Moving clean in this channel… Bitcoin is currently moving sideways but overall in an uptrend. So much bullish news coming out lately, I don’t see why we won’t push to $11,800 – $12,400 levels in the coming days.

If the bullish trend continues, I expect this channel to break upwards. My targets are $11,800 – $12,400. Heavy resistance in those areas. We will likely see a pretty big squeeze there with big candles. I will reevaluate once (if) we reach those levels.