Bitcoin has completed a successful re-test of the cup and handle formation whereby price broke above the neckline of the formation and made it support.
As long as price does not fall below the support level, BTC is on a clear path higher and this can be quite significant with a likely target in the high $70k.
Continuation from here up would be extremely bullish.
The indicators remain bullish, particularly on weekly timeframe and on lower timeframes like 12h on the current chart, MACD and RSI are both curving up nicely... this is promising. Bias is bullish.
Expect some fun soon and volume is also looking sexy on this re-test.
Like and follow if you liked my idea!
As long as price does not fall below the support level, BTC is on a clear path higher and this can be quite significant with a likely target in the high $70k.
Continuation from here up would be extremely bullish.
The indicators remain bullish, particularly on weekly timeframe and on lower timeframes like 12h on the current chart, MACD and RSI are both curving up nicely... this is promising. Bias is bullish.
Expect some fun soon and volume is also looking sexy on this re-test.
Like and follow if you liked my idea!
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