Bitcoin increased sharply today from $7,150 to $7,400 in less than an hour.
As we have announced for several days, a bullish divergence is visible on the MACD and CCI indicators and this seems to be materializing now. As we can see on the graph below, the BTC has been operating in a triangular configuration since the peak at the end of December. Prices seem to have bounced back on the lower bound of the figure and the technical indicators in daily horizon seem to be close to a reversal.
We are therefore rather positive about the future evolution of the BTC even if, as previously announced, we will wait for a bullish cross on the daily MACD before considering a real recovery of the rise. We think this could coincide with a bullish breach of the $7,080-8,000 resistance zone.
