Bitcoin confirms its higher low with a very strong bounce, now going above $6,700 and testing the same trendline which has rejected its growth over and over again.
We are now looking to break and close above this trendline (red dotted) on the daily time frame to confirm our bullish bias. Bitcoin bounced just as expected, with force and contrary to what most people believed it would do... as usual.
BTCUSD is moving with really good momentum and we can expect additional bullish action.
Here are our support and resistance levels:
Support:
(1) $6500
(2) $6350
(3) $6280
Resistance:
(2) $6900-$7000
(3) $7200
Thanks a lot for reading and your continued support.
Please like, share, comment and follow for more updates and trades.
Namaste.