The above chart of Bitcoin laid out an ascending channel pattern, also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend .
Currently, Bitcoin is in the range of $17188. If the pattern continues, the price of Bitcoin might reach the resistance levels of $18160 .If the trend reverses, then the price of Bitcoin may fall to $16790.
Based on the previous two recovery levels, Target Range has decided