Bitcoin Channel down pattern breakout

Bitcoin has been forming channel down pattern since 11,000$, now it has broken with a long wick.

RSI showing upward movement sitting above 50% also shows a positive impact

Targets as per FIB, main Resistance is at 11,000$ if broken can go up to 12,500$

moreover last candle formation above 21EMA

Looking Bullish for Short term!!

Note- This is not investment advice

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