BTC Weekly - Eliminate 7100 to continue upwards movement.

Bitcoin (BITFINEX:BTCUSD)

Updated

BITFINEX:BTCUSD Bitcoin

BTC is in a wedge . The range of the wedge is between 6100 and 7100 .
BTC - Weekly shows 7100 will need eliminating to prove BTC is moving higher.
So the target for now is 7100.

Comment:

BTC - Once BTC approaches 7100 we can get a better sense of the BTC destination.
It does look like 7500 will be the next move, but lets not get ahead of ourselves as things can unexpectedly change in the crypto space.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.