Hi friends hope you are well, and welcome to the new update on Bitcoin.
On a daily time frame, a few days back Bitcoin has already broken out a down channel and now BTC has formed another up channel.
On a weekly time frame, Bitcoin is breaking out a 200 simple moving average and there is also a bullish divergence on this weekly chart, as the priceline is setting lower lows and Stochastic is forming higher lows. Therefore, the probability is high that Bitcoin may confirm this breakout soon. Now we are at the end of the week and if the weekly candle will be closed above 200 SMA then a massive move can be expected.
