Breakout and Uptrend Support - BTC
This is an extension of a previous chart where I outlined the potential for Bitcoin to confirm or reject the uptrend. Clearly, after today the uptrend is confirmed with a breakthrough of the 6700-6900 resistance as well as a bounce and close above the support line shown.
It is my opinion that the trend will continue into the high 7k to low 8k territory with the potential for a mid-channel retrance to 7300-7500 followed by continued upward price movement.
It is my opinion that the trend will continue into the high 7k to low 8k territory with the potential for a mid-channel retrance to 7300-7500 followed by continued upward price movement.
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