Bitcoin Still Trading in Bullish Channel Despite Price Support Break: Analysts

Bitcoin Still Trading in Bullish Channel Despite Price Support Break: Analysts


Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting the lows of July 20 and Sept. 29, and the highs of June 30 and Sept. 7.

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