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Bitcoin, Around $51K, Nears Upper Bound of 3-Year Price Trend

Upward-sloping price channel starting in late 2017 on weekly chart shows near-term resistance around $60,000.

By Damanick Dantes
Updated Sep 14, 2021, 12:22 p.m. Published Mar 8, 2021, 5:37 p.m.
Weekly price chart shows long-term channel resistance, with 50-week volume weighted moving average shown in the blue line. (It flattened around 2018, preceding a downtrend).
Weekly price chart shows long-term channel resistance, with 50-week volume weighted moving average shown in the blue line. (It flattened around 2018, preceding a downtrend).