FX.co ★ Bitcoin continues its upward drift.

Black lines- bullish channel

Bitcoin continues making higher highs and higher lows. Price remains inside the upward sloping channel. Bitcoin has made a new higher high around $24,660 and reached once again very close the upper channel boundary. Price is once again turning lower after reaching the upper channel boundary. Pull back could reach the lower channel boundary around $20,900-$21,200. As long as price is above the recent important low at $20,715, short-term momentum remains bullish.