towards a high so far of 34'740 reached one hour ago.
A pattern is in progress and BTC is currently attempting to upside
breakout the top of the clouds.
Therefore, price action over the upcoming period (s) will be very important to look at.
Indeed, a failure to clearly breakout the clouds would confirm the top of the recent recovery
and trigger a new downside move.
Looking ahead and above, as you can see on this H1 chart the 34'600-35'500/36'000 area looks very
fragile and in a case of a clouds breakout we should assist to an upside acceleration towards
this new which has been a former congestion area, seen a couple of days ago.
Watch carefully ongoing price action on shorter time frame which will validate or invalidate further upside.
On the downside, watch the former clouds resistance which becomes now new ahead of the cluster
of TS , ( base line !), MBB and finally KS .
Have a nice afternoon