Is this a breakout and retest?!

in #bitcoin10 hours ago

Bitcoin looks like it broke the upper trendline...

This is an interesting chart.

image.png

(Source: https://x.com/QuintenFrancois/status/1957841857372717064/photo/1)

It looks like we had a breakout and then a retest now.

The only strange part about it is that it's up and out of the defined channel.

That is pretty unusual to see and doesn't always hold.

We shall see...