Bitcoin (BTC) Breaks Out Towards $51,200 Resistance
Bitcoin (BTC) broke out from a descending parallel channel on Sept 1 and is attempting to move above the $51,200 horizontal resistance area.Sponsored Sponsored Due to mixed readings from technical indicators, we cannot accurately determine if BTC will be successful in breaking out the first time. However, an eventual breakout is likely. Short-term breakout BTC had been trading inside a descending parallel channel since Aug 29. Such channels usually contain corrective structures. Sponsored Sponsored After sweeping the lows on Sept 1, BTC broke out later during the day. So far, it