Viewpoint: Bitcoin Successfully Breaks Above Ascending Channel Resistance, Potentially Signaling Accelerated Growth
BlockBeats News, April 22, Licensed Market Technician (CMT) Aksel Kibar stated that Bitcoin has broken above the recent ascending channel's upper trendline, considering this a breakout from a bullish extreme, typically seen as a bullish signal that could potentially accelerate the price towards the 365-day moving average ($87,050).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What would happen if the buyers of computing power become intelligent agents?
The United States is planning to promote dollar stablecoins overseas in an effort to strengthen its position as a reserve currency.
According to sources, the Trump administration is considering an initiative to promote US dollar-pegged stablecoins abroad in order to strengthen the dollar’s position as a global reserve asset.
Kratos Defense EVP, CFO Deanna H. Lund sells USD 341,999.11 in common shares
The US Treasury repurchases $6 billion in ultra-long-term bonds: three times the amount planned for early August, with the 30-year yield still reaching its highest level since 2007.
The United States will repurchase up to $6 billion worth of long-term government bonds.
Crypto prices
More
