BTC/USD Lonely Gainer

I personally love to call Bitcoin a reserve crypto in this industry as it reminds me USD in the world of fiat money. The majority of transactions is conducted in BTC and at this moment I see that investors are running from altcoins and fuel Bitcoin price.

Bitcoin has reached the support area at $7,341 on Thursday but failed to develop this correction and moved higher. I think that there are two reasons for that. The first one means that bulls have ended a correction and have started off for new tops. The second is that investors are running away from the altcoins via BTC/USD.
Anyway, I think that BTC/USD looks promising currently and I have some targets above current levels. As you can see, the price is above the ascending trend line meaning bulls have control over the market. My trading idea for the next couple of days looks the following: BTC/USD is likely to break through the resistance area at $7,565 and move higher targeting the next resistance at $7,734 where the green rocket is.
If any alternative scenario possible? I think yes, as we don’t know whether investors are running from altcoins or from the whole board of cryptocurrencies. We will see it soon.

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