what do I see from this simple chart analysis?
I don't like to add too much technical analysis when showing a chart to others... it needs to be kept simple for everyone to understand.
I see bitcoin breaking bullish from an ascending triangle which is usually an excellent sign... in normal circumstances this would have seen bitcoin should up and possibly restest all time highs... unfortunately due to the volatility right now with Segway 2x and all the hard fork talk... I don't think people wanted to push the price any higher then it is, certainly the whales did not lol.
What we can at least say is that bitcoin has been at least consolidating for weeks now and its looking quite stable even through this unstable period it's going through.
As you see from the red circled areas... bitcoin is following the trend line of the highs created from the triangle and it retested that trend line 4x unsuccessfully, which usually means this trend line is Offering strong short term resistance and a good possible buying point for those looking to get in.
I personally feel after august the 1st bitcoin will rally to new all time high.
That's my 2 cents guys, thanks for reading.