...and here we are, again, almost touching again our well-known resistance niche, between 6350 and 6460$.
As usual the total Market cap willing to reach again 210 billion $, currently at almost 208b$...
At the 4h-chart, Stochastic presenting and Overbought status but RSI seems to have some margin to grow-up a little so we have 50/50% chances to consolidate within the resistance or drop again agonically this time since seems that the support right now is composed by a series of "Higher Lows Trend Line" (in dashed Dark blue):
Regarding 200DMA, BITCOIN is still far from that line which trends may suggest either a longer "flat" period or a last drop...
...but being right now at the apex of a symmetrical triangle would indicate also the start of the reversal bull run, which will be confirmed if BTC crosses the 200dMA and overpass the last High, around 7400 $ which is our KEY LEVEL.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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by toofasteddie
