After Bitcoins monster run ending just short of $6,000, support was found and we've been consolidating since. Bitcoin is following this ascending triangle on the hourly chart, eyeing that all time high.
A breakout will occur no more than 10 hours from now. An earlier breakout is more probable, as we are tightening up on the chart and MACD has given us a buy signal, although fairly weak. RSI is in the overbought zone, but we can stretch up to 84-85, as done in our previous runs.
All in all, things are looking excellent for Bitcoin. I believe $6,000 is just around the corner ;)
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