Ascending channel 50Monthly SMABitcoin / US DollarCOINBASE:BTCUSDtisfluppeBitcoin is trading in a ascending channel pattern and has found a bottom around the support zone of the ascending channel. We also found the bottom near the 50 monthly SMA. We also have a horizontal resistance level here. This is triple confluence of support. On the lower timeframe we have a rounding bottom pattern showing we have bullish confirmation.