Bitcoin Trading Range And Breakout Target

Well let's see how well this analysis ages...

• Bitcoin has barely budget for 7 days.
  
• Note the inside candle trading range (boxed in yellow).
  
• A break above that range would indicate a 10% target up to the major ATH downtrend resistance level.
  
• Given the pent up pressure we think that resistance may be easily overcome with price coming back down for support confirmation.
  

We'll update our vision as the market begins to move. Check our twitter for more.