Hey guys, yesterday I posted an article about bitcoin(link). Today I would like to give you another TA because the price of bitcoin followed it (only broke out of the bullish pennant). I am writing this post a little earlier because usually on Wednesdays I am announcing new giveaways so if you are in my giveaways, don't worry I will post another announcement later today.
Technical Analysis
The trend of bitcoin continued to rise up, but we must not forget the bears. They are trying hard to push the price of bitcoin down. It formed a Cup & Handle but it ended up bearish. Now bitcoin should bounce on the new support line and then I will do another TA to keep you guys updated.
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My latest posts:
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