CryptoComes

Bitcoin (BTC/USD) still preparing for the uptrend

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has lost almost nothing in the past 24 hours making no gains as well. The result is -0.67 percent, which indicates on tight range. The currency pair has broken through the ascending trend line meaning the uptrend is paused currently.

I think that BTC /USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.
I’m still bullish on BTC /USD, but I think it is time to be patient and wait for opportunities. Bitcoin , by the way, looks far better than its altcoin competitors.

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