BitcoinLong
BTC Consolidation above 60K + Bullish Confirmation
Bitcoin has closed its third week in a row above 60K USD as well as it's first monthly close above 60K ever! Obviously this is very bullish, however what is even more bullish to me is the pitchfork bitcoin appears to have broke out of and is currently retesting. I am currently long but of course, it is smarter to wait for a bit of a bounce for validation. As always there is room for more downside, however I my bias is bullish until I see some daily candle closes below 58K for a lower low. We are also seeing a potential golden cross on the 4H MAC D and high time frames on the RSI are showing bullish territory without being over bought. Not financial advice and trade carefully as always!
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