Bitcoin on the 1D chart has been trading in an upword channel and has had a break of the symmetrical wedge. It looks to me like we will retest the short term highs soon but it may not be a straight shot. I would not be surprised to see a retest of the 12000 level before attempting to break above, perhaps around the 18th of July. From there I would expect us to hit the 16200 level, a fib extension.
RSI is above 50 = Bullish
SMI Ergodic Indicator Showing Bullish Cross = Bullish
Parabolic SAR buy signal = Bullish
RSI is above 50 = Bullish
SMI Ergodic Indicator Showing Bullish Cross = Bullish
Parabolic SAR buy signal = Bullish
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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.