Just read Bitcoin (BTC) Price Watch: New Bullish Channel Forming

Bitcoin (BTC) Price Watch: New Bullish Channel Forming

Bitcoin Price Key HighlightsBitcoin price is forming higher highs and higher lows inside an ascending trend channel on the 1-hour chart. Price just bounced off the channel bottom and may be due for a test of the resistance at $6,600. Bitcoin price is slowly trending higher in a short-term ascending channel, possibly setting its sights on the very top. Similarly, stochastic is also moving south so bitcoin price could still follow suit. Because of that, the pickup in risk-taking has lifted cryptocurrencies somewhat, allowing bitcoin price to keep its head above water despite more naysayers.

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Wednesday, September 19, 2018