Hey cryptopups , welcome to todays -4.08% analysis of the BTCUSD -1.24% . On the 2hr chart an obvious ascending triangle is forming squeezing the price until it inevitably falls back into retracement territory. The good news is that there is a strong bounce zone just under $6800. Based on the data it looks like BTC -1.24% is heading for this area which is the 61.8 Fibonacci zone. Alternatively, a break on the upside will be unlikely. Apart from that the three consecutive days gains show consistent but mild to moderate bullish sentiment among the punters.
