COINBASE:BTCUSD Bitcoin / U.S. Dollar
Looking at our higher timeframe we see the bears are starting to show some exhaustion in our $9,200-$9,600 zones. showing momentum remains in favor of the bulls. Next week we should expect another retest of $9,600-$9,700 before heading towards the upside.
Shifting over to the pattern timeframe we see price remains with its uptrend structure. Looking left we see price remains above our previous high from October and has tested on multiple occasions shown on the daily. showing momentum in favor of the bears, a daily close above $9,700 is a good sign we are looking to break $10,200.
Finally looking over at our trigger timeframe we see the price has formed a higher low at $9,600 and is now looking to continue towards the upside. showing momentum in favor fo the bulls, a 4hour close above $9,680 and we should see a push towards $10,200.