Is BTC now in an ascending channel ?
This is just an idea But could Bitcoin now be in an ascending channel ?
The Lower trendline is Very Valid in my eyes, the upper needs another touch to verify
But what I find interesting is how the descending "local" ttrendline" touches the lower trendline around the same time as we are expecting the Next Rate Rise from the FED.
As we have seen in other charts, Rate Rises do not really effect BTC PA and so, on this occasion, BTC may even time it to bounce off the line and start its next push up
There is confluence in other charts, that point towards a push from BTC in Spring, via TA. We all understand that Fundamentals can change this but the expected 25 point rise will lead o some confidence.
Lets see what happens
The Lower trendline is Very Valid in my eyes, the upper needs another touch to verify
But what I find interesting is how the descending "local" ttrendline" touches the lower trendline around the same time as we are expecting the Next Rate Rise from the FED.
As we have seen in other charts, Rate Rises do not really effect BTC PA and so, on this occasion, BTC may even time it to bounce off the line and start its next push up
There is confluence in other charts, that point towards a push from BTC in Spring, via TA. We all understand that Fundamentals can change this but the expected 25 point rise will lead o some confidence.
Lets see what happens
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