Bitcoin technical anlaysis
Bitcoin all time history index INDEX:BTCUSD
bitcoin in monthly time frame is in a ascending channel and now the price is near of the bottom of the channel. the important point of this channel is 20000$ and we expect that from this point bitcoin must go high and time to buy. in daily chart bitcoin was in the trading range between 69000$ to 29000$ and this level broke out yesterday and the possibility of going lower is high. in 1 hour chart bitcoin has formed the descending channel and if the price breaks out the trend line we can buy for 35 to 37 and the we must see.
if the monthly channel breaks out we are going to be in the trading range.
