Bitcoin 1H Back Above $24K Short-Term

Let's zoom in and look at Bitcoin (BTCUSDT) short-term.

This is the 1H timeframe, we've zoomed onto the current consolidation pattern.

• Higher low.
  
• Trading above EMA300/MA200.
  
• 0.5 Fib. retracement holds.
  
• Rounding bottom.
  
• Divergence with the RSI.
  

Bitcoin is likely to challenge the upper boundary of the consolidation triangle.

Note: This chart can change super-fast as this is short-term.

The short-term bullish bias remains valid above $22,100.
Going below this level and a strong bounce becomes even more likely.

Bottom line: Bitcoin is consolidating before it continues with its rise in price.

Namaste.

Comment:

This is good, we still go up...

Comment:

You can use the correction to rebuy and reload on your favorite pairs.