1: Bitcoin has fallen 20% from the current peak to the
2: The was key resistance multiple times. The fact that it broke resistance is significant!
3: The 21 weekly was at the .
As we can see now, Bitcoin has made it out of its . What this means is that Bitcoin has made its previous resistance new support and that the 21 weekly was also kept as support. This is extremely bullish!
So what can we expect now? First of all, the previous consolidation area has to be breached before the price can really kick off a new rally. It is likely that in the next few days, the consolidation area will be hit. When that does happen, i'll make a new update. As of now, Bitcoin seems to be incredibly .