BTC is clearly trading in a rising channel, I had previously published a chart showing BTC forming a rising wedge pattern but I really should have given the pattern more time to form before publishing that chart. The pattern has progressed to where it is definitely a rising channel. Rising channels although short-term bullish, often form during downtrends as a continuation pattern. We will have to see if this is indeed a continuation pattern and BTC resumes
the downtrend or if BTC is able to build momentum and continue to move higher.
the downtrend or if BTC is able to build momentum and continue to move higher.