BTCUSD; looking up to the downtrendline
Market is testing 6850 resistance and has not broken above yet. If bulls can accomplish this it is likely to see a move further north toward the overlying downtrendline, connecting recents tops, closing in on 8100.
Should market back off from here there is the possibility of the formation of an inverted head and shoulders pattern and thus one could be looking for the search of a higher low. 6420 sees first support.
Should market back off from here there is the possibility of the formation of an inverted head and shoulders pattern and thus one could be looking for the search of a higher low. 6420 sees first support.
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