Bitcoin 1H Update (Decision Point)

Looking at the same chart as two days before, the bullish bias remains intact.

BTCUSD was rejected at the black descending trendline yet prices remain trading above EMA10/50/100, which is bullish.

The trading volume is really low but at this point it signals consolidation.

The RSI remains strong.

Things can change fast though so be aware.

If the upper trendline is taken out Bitcoin will go to $31,500+.

You can find additional details, support levels, on the chart.

Namaste.