Price is above SMA 100 which is about to cross SMA 200 - bullish signal.
Short-term target 0,75$ with retrace then to 0,65$ levels.
Supports - 0,58$ and 0,48$ which can be used as stop losses.
Happy trade :)
Very important level for Bitcoin, making higher low, and close to the decision point.
Price rejected the 6550$ area and formed symmetrical triangle with support area of 6100$.
Waiting at this moment for price action - 50% up/50% down, so far the price has showed poor performance and still under SMA 200 so bulls need to show their serious balls.
This is just an update from my previous chart. Price is above SMA 50, and above SMA 100. RSI is rather bullish. Price is moving in up channel. The worst scenario is touching major support of 8600$ and accumulating in blue box until return into a channel. However, the second scenario of just touching blue box is more likely IMHO.