Bitcoin

BTC - Where are we headed to next?

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BTC - Bullish Short Term


As mentioned before, after breaking out of the major resistance trendline, we were bound to see a move upward.

We were in a consolidation phase in the 41.5k area and broke out to the next previously mentioned resistance at 44-45k which was then rejected.

If we continue to follow this bullish move, we may see another move to 46k after a retest on the parallel channel.

If not, we might be looking at a retest back at the 42k area.

Good luck to you all.

Penafian

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