Current Weekly Chart Channel on BTCUSD

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We can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*
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Just closed a daily candle above the channel. If we can close a couple weekly candles above the channel the channel’s breakout target will be around 38111.
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Channel breakout confirmed very close to its 38111 target however it may exceed that.
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Target hit and exceeded
1wk50maAscending ChannelBitcoin (Cryptocurrency)BTCUSDChart PatternsDouble BottomnecklineParallel ChannelTrend Analysisweeklychart

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