Bitcoin 1H Timeframe (Strong Resistance Or Higher?)

13 Jul 2020

Bitcoin (BTCUSD) is now facing strong resistance short-term, this can be seen marked with orange in this chart.

For Bitcoin to continue higher, this resistance first needs to be taken out...
On the lower part of the chart, we marked the short-term support.

The charts are always changing and faster on the 1H frame...
Here you have an updated version with the full channel and potential scenarios mapped.

Namaste.

14 Jul 2020

Nota

Prices are now bouncing off support (yellow area).

The upper end of the channel becomes the next target.
The altcoins can continue to grow.

14 Jul 2020

Nota

New update for Bitcoin (BTCUSD).
Higher timeframe, a bigger picture.

Daily (D):