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LemkeCapital
Oct 15, 2020 5:50 PM

Bitcoin: Current Channel. More upside in sight? Long

Bitcoin / U.S. DollarGemini

Description

Bitcoin: Moving clean in this channel... Bitcoin is currently moving sideways but overall in an uptrend. So much bullish news coming out lately, I don't see why we won't push to $11,800 - $12,400 levels in the coming days.

If the bullish trend continues, I expect this channel to break upwards. My targets are $11,800 - $12,400. Heavy resistance in those areas. We will likely see a pretty big squeeze there with big candles. I will reevaluate once (if) we reach those levels.
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