BitcoinLong
$BTC - Bitcoin at a Crossroads - 1hr Chart
Bitcoin has been trading sideways for a few days but is nearing a crossroads on where it will go next. The head & shoulders pattern we saw forming before is showing sounds of support - some divergence in the RSI & MACD - so at the moment I feel a break to the downside is unlikely but this can certainly change. It may be starting to consolidate into a triangle that it will break up or down from. If it breaks up - expect a test of resistance near the ATH. If it breaks below, we will look for support in the 10-12k range.
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