After a successful break-out above the down trend line (dotted black line), BTC seems to be in an up trend (orange lines) where is busy forming a bullish pennant formation on the 30 min chart (Also evident on the 1 hour and 4 hour time frames).
If everything goes according to plan and the ever unpredictable BTC plays its part we should have a break-out from the pennant towards the $7800 - $8000 range
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