The Bitcoin has broken through the resistance at $6000 and took hold above one. For the crypto market, it means the beginning of the new up-trend because for a long time this level was the strongest support. From the level, $6000BTC has formed a lot of patterns: double and triple bottom, Head & Shoulders and many more. However, this is not the last resistance on the Bitcoin upward way. The next resistance is ascending, located at $7000. We can name this resistance as the first target of the current up-trend.
By the way, if we speak about the up-trend, I can't ignore the fact that there are two golden crosses. 11th March and 25th April, after forming these two crosses, the market continued growing. And what can we see now?There is another golden cross (only forming, but will be ready soon). This time MA100 will cross MA200. This fact can cause even more volumes to the market.
Want to remind you that there is the strongest support below the current price, it is located at $6000 - $6200. You can cancell LONG position only in case BTC falls bellow $5850.
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