Why is Bitcoin moving in a short-term uptrend channel? This is because investors have been buying into the currency at progressively higher prices over time, indicating a positive trend for the currency. The currency has support at around 62000 points and resistance at around 71000 points. In the short term, the currency is considered technically neutral.
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Why is Bitcoin moving in a short-term uptrend channel? This is because investors have been buying into the currency at progressively higher prices over time, indicating a positive trend for the currency. The currency has support at around 62000 points and resistance at around 71000 points. In the short term, the currency is considered technically neutral.