Critical point to confirm bullish trend BTC
At this very moment Bitcoin is trying to break the $4,200 price point. The last time BTC touched that price level it failed to break out of the longterm bearish triangle. The period after that was rather flat, we could call that the awaited second bottom. The coming days will show if Bitcoin will rise above this privce level and if so it is a strong confirmation that we have seen the bottom and we are setting in for a longterm bullish trend . The On Balance Volume (OBV) also shows a identical pattern. RSI 4h is high, but has room to rise more the coming days.
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