On this chart you can see a double bottom forming on bitcoins weekly chart. If this pushes past the neckline at the previous high then we will most certainly break into higher highs/
The last time Bitcoin pulled back we saw a dip below strong support and then a rise. I do believe that we will continue our trajectory towards support and have a retest or we will continue to the downside and pull back and push to higher highs.
As we can see bitcoin is currently in a bullish descending wedge and falling towards the 0.618 fib level on the 1hr time frame. Hopefully we will rise a good 5%. This is based on the recent breakouts bitcoin has had during the last few weeks.
