Bitcoin is currently moving inside a defined parallel channel. On a larger timeframe, we can also see a defined range with support around $6600 and resistance at ~$7170. I believe we should see high 7100s in the next few days but ONLY for a brief period before dropping to a level within $6400-$6600.
Crossing above $7500 or below $6400 would be considered a breakout, and further analysis will be needed then.
If you agree with this chart please give thumbs up! Would love to hear your comments as well.
Crossing above $7500 or below $6400 would be considered a breakout, and further analysis will be needed then.
If you agree with this chart please give thumbs up! Would love to hear your comments as well.
Note
Don't get too excited just yet. BTC hit resistance and it seems to be going down again. 
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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.