Price needs to continue to consolidate with low volatility in order to form the 'handle' of the bullish "cup and handle pattern".
If this formation comes to fruition, Senkou Span B (upper cloud boundary of the Ichimoku Cloud ) will likely serve as a key support level for Bitcoin to pivot off of and continue upwards. Price would need to break through the previous trend high of $4,170 in order to breakout.
If the breakout above $4,170 occurs, Bitcoins first resistance test will be at the $4,500 level.
happy trading
RE: Cryptocurrencies hold support and prepare for next stage of rally!