BTC price has been trading within two descending channels and price has recently fallen to the channels's support line. This is a bullish flag pattern which denotes a continuation of the bullish trend. We expect the $20K - 22k range to be the turning point as a bullish divergence has just been formed on the RSI indicator.
1st Target - Channel's Resistance
2nd Target - Bull flag target ($130,000) - Only after price breaks and retests the resistance line of the channel (flag).
1st Target - Channel's Resistance
2nd Target - Bull flag target ($130,000) - Only after price breaks and retests the resistance line of the channel (flag).
