Bitcoin Ascending Channel: The Trend Is Your Friend

Is the trend really our friend?

Bitcoin’ has been trending up since it touched its lowest point on the 24th June.

As you can see on the chart above, Bitcoin’ has been trading within an ascending channel for more than 130 days (Over 4 months).

The last time the bottom of this channel was touched was on the 31st October, which produced a reversal candlestick . Bitcoin’ is looking positive to move up.

What's your take on the chart above?

Bitcoin’ Resistance Levels & Supports

Resistance (up)
(1) $6450
(2) $6550
(3) $6630
(4) $6711

Support (down)
(1) $6330
(2) $6220
(3) $6100
(4) $6000

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Namaste.