BitcoinLong
BTC Bulls Be Back
A beautiful bull pennant has broken us free from the $8,600 resistance. The volume was nice and helped kick us through the $8,700's. These two previous resistance areas will now act as support. The $8,600 level is much stronger. Keep a close eye on this trend channel. I expect it to stay inside the channel until around the $9,200 level (our next major resistance. If it decides to break out of the channel with a glorious green candle, we may blow through the $9,200 level on to around $10,200.
As you can also see, we had a bullish cross on the MACD.
- Your friendly Bull
As you can also see, we had a bullish cross on the MACD.
- Your friendly Bull
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.