Bitcoin 30 minute chart for June 7, 2018

The 30 minute chart shows us that price moved out of the flag/descending channel that it was in last night. At the same time, we can also see the Bollinger Bands squeezing which should likely send price upward. RSI is bullish at 59 and %B is, as well, at 0.8483. MACD remains on the bullish side of centerline as it is leveling out, nearing a bullish crossover of the signal line. A push upward out of the BB Squeeze should see price targeting the top of the channel. A drop, rather than a rise, should find initial support at the 50 EMA (currently sitting at $7665), $7600, and $7540.