After Bitcoin has broken current around 8200, it has seen a denial and some bear power and was frequently testing current and the zone just couldn't handle the pressure no more. So has been broken, panic has begun, bots have been triggered in chain reaction and there was which has seen some of lows of around 6700.
However of this move, Bitcoin has managed to find decent support at previous and has managed to show three pretty green candles in a row which has led into a breakout!
This breakout has broken without any doubts the of 7800 area and managed to find support above it.
These are all good and healthy moves, which has confirmed Bitcoin overall uptrend!
I will keep an eye on you Bitcoin and post updates when I spot something significant worth sharing!
But for now, that is all from me. If you like my work and you agree with my chart, let me know by liking my idea or leaving a comment.
In the other hand if you disagree and you have another POV on Bitcoin , let me know in comments below!
The Bitcoin price has seen a push which has led from to ascending triangle to test 8100 where it has stopped and seen some denial, but very quickly has bounced of support level and formed another uptrend which is about to test this resistance level once again. Remember, for the price to go higher we need to see more test in resistance level than in support level.
In my opinion the most useful and underrated indicator.