#ArbitrageTradingStrategy Chart Patterns:Bitcoin recently broke a bearish channel on the daily chart, signaling a potential continuation of the bullish trend.
A bullish pennant or rectangle formation breakout suggests a target of $115,727 or more in the short term.
However, an A-B-C corrective structure on the daily chart warns of a possible short-term decline to $83,641–$86,230 (Fibonacci retracement levels) if momentum falters.