Bitcoin (BTC) - healthy range, little more up expected
Quick 1H chart analysis. BTC has been ranging sideways between the green trends marked above. indicators are showing swing in momentum back toward the upside. RSI is peaking above trend, 1H close will suggest a break up, RSI making higher lows, MACD positive divergence on lower time frames and swinging toward the 0 in the 1H promising to cross. Expecting a break out of the top of this range in the coming hours. local resistance and support trends marked in red on the chart. Hopefully find a little more up here soon once we break that local upper trend. Holding what I have for now
Suspect we test that 62500 range again, if that is successful possible test of ATH. Pull back will happen eventually, hoping for a shallow consolidation but possibly check back into 54k range, 48k, lower is also possible. Bullish bias for me, but will be watching price action closely
**anxious at this point of price breakdown, doing my charting on the 1H rather than typical 4H / daily / weekly
Suspect we test that 62500 range again, if that is successful possible test of ATH. Pull back will happen eventually, hoping for a shallow consolidation but possibly check back into 54k range, 48k, lower is also possible. Bullish bias for me, but will be watching price action closely
**anxious at this point of price breakdown, doing my charting on the 1H rather than typical 4H / daily / weekly
