Bitcoin confirms bottom & upward trend begins
Bitcoin has now bounced 3 times in the $6000 to $6500 area each time creating a higher low. This area is now a confirmed support level. The inverse head and shoulders pattern is still valid as the price has not fallen below the head. This pattern is bullish and if the neckline is reached again there will be a huge breakout. BTC is looking to close above the downward channel that has been formed over the last month. This is a good sign that a bottom has been formed. The MACD is also having a bullish crossover right now which will help with the breakout. This will be the bottom of a new run that starts across the year.
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