Following the selloff in BITCOIN #BTC/USD yesterday, the pair has begun trading strongly today, after added confluence and finding traders willing to lift the offers after the pair found support at a key horizontal support level which was a 4hour triple bottom, the pair set up nicely in terms of price action to complete a bullish flag continuation pattern on the 1hour timeframe. With key existing SUPPORT & NEW resistance levels above, it will be interesting to watch how Bitcoin reacts to these zonal areas in the coming trading day(s).
Comment:
Bitcoin continues to remain Bullish, I'd like to see an upside break of $8200 for further upside for a target and eyes on a complete break of $8800/$9000 for Bullish continuation. We are currently ranging within a wedge / equidistant channel, support at $7840