FINALLY! Bitcoin Shows us Nice Price Action!
Updated
As I said yesterday: we could drop a little bit, we came down to test the trendline around $7280 got a bounce from there and daily candle close was above strong support level, which was $7370. That shows us it was a healthy correction and we are ready to climb forward, but at the moment we still fight with heavy resistance $7500-$7550!
Price has tried to push through from there seven times and failed - at the moment there is 8th attempt to break through, let's see what happens! If we break this level then next resistance is not far ahead - down trendline since 5.th May is waiting for us around $7600-$7650.
Overall is nice to see that BTC shows us some positive moves and makes new HH (Higher highs) and HL (Higher lows)!
Have a nice day!
Price has tried to push through from there seven times and failed - at the moment there is 8th attempt to break through, let's see what happens! If we break this level then next resistance is not far ahead - down trendline since 5.th May is waiting for us around $7600-$7650.
Overall is nice to see that BTC shows us some positive moves and makes new HH (Higher highs) and HL (Higher lows)!
Have a nice day!
Note
8th attempt was successful to break through from the strong resistance ($7500) and we reached into the first target box. At the moment BTC made a small pullback and is retesting $7500 to start climbing to the next targets!
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