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pixelpraxis

Bull case for BTCUSD, short-term

Long
Bitcoin (BITSTAMP:BTCUSD)  
pixelpraxis  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Fundamental Analysis Bitcoin (Cryptocurrency) BTCUSD Bullish Patterns LONG
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trendanalysis chartpattern fundamental bitcoin btcusd bullish long
- BTC observed a generational breakout from the downtrend following 2017's bull market after March's crash

- Upward momentum has formed a parallel channel that has recently seen a breakout and somewhat of a retest in the 15k area

- Strong upwards consolidation has marked this run - a pattern that seems to be continuing for the time being

- Following 16.2k level, there is little meaningful resistance between BTC and its ~20k ATH.
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