Bitcoin Showing Signs Of Hope
SUMMARY:
- Smashed through all resistance levels and landed on the top line of the channel.
- Let's see if we can find support here.
- RSI needs to hold the support (previous resistance)
- Nothing wrong to take profits after powerful impulses like this one.
- Could find support at $6,200 area.
Mid Term View: BULLISH
- Bullish divergence showing on a 4h time frame.
- Possible consolidation with up and down action around $6,500 to $6,000 before heading up to $7,800
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.