After bouncing back from 53k, Bitcoin reached an important resistance at 56k. It's likely to break upwards.
3 key resistance ahead before ATH.
Pull back continues with a bull trap.
Bitcoin rejected from 57.387, entered correction in a descending triangle.
New ATH is imminent.
Perfect buy the dip opportunity ahead.
On the hourly chart, there's an upward bullish triangle that is set to break up 50k.
Hi, by the end of July Bitcoin has broken long term bearish trend crossing 10k towards 12k. Looking at the 3 day timeframe, bitcoin is now retracing towards Fib 1 @9.000. I believe it is forming a new upside trend and 9k will be the second lower leg that will create a new triangle. The thick red line is aimed at the intersection of fib 1 @9.000 and the long term...
In my opinion Bitcoin is moving towards filling the CME gap at 9.615 and it’s likely to go further down to 9300 level which is the long term bearish support line. Lets hope that it holds!