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Telegaon

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Bullish

BITCOIN MONTHLY CHART


Since 2017, Bitcoin has consistently

followed an upward parallel channel,

respecting key upper and lower levels

over a three-year cycle. $BTC


Key Points:


✅Breaking above the middle line of

the channel typically drives the price

towards the upper channel.


✅Historically, breaking the Middle

Range (shown by broken lines) in

previous cycles led to a surge of up

to 225% towards the upper channel.


✅Currently, the middle range has

been breached and the price closed

above it, suggesting a strong potential

for continued upward movement.


✅If historical patterns repeat, Bitcoin

could potentially reach $200,000 🔥

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April 10, 2024 at 1:30 PM

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