Potential Upward Channel Forming?
After being in a descending channel/wedge for the past 6 months, it looks like an upward channel may be forming.
If the bottom trend line holds another time, this could be stronger indication of an upward channel. Not to mention the LTC halvening happened 5 months ago and the BTC halvening is in 4ish months. Combine this knowledge with the recent 6 month downtrend 5 months before BTC block reward gets cut in half? Just food for thought.
The channel could change slightly, but this is my lizard brain guess at it.
This will definitely be another interesting year of crypto.
If the bottom trend line holds another time, this could be stronger indication of an upward channel. Not to mention the LTC halvening happened 5 months ago and the BTC halvening is in 4ish months. Combine this knowledge with the recent 6 month downtrend 5 months before BTC block reward gets cut in half? Just food for thought.
The channel could change slightly, but this is my lizard brain guess at it.
This will definitely be another interesting year of crypto.
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