As previously highlighted, Bitcoin has been making small decent effort to move towards testing resistance trend lines in a renewed bid to break above 10,000.
The 4H BTCUSD chart just showed a renewed effort with strength. The 4H MACD just turned upwards, in line with the daily MACD and technicals, and tested an interim trendline resistance with momentum.
IF and when there is a successful breakout, look for 12,000 as a target, given the pattern of yet another pennant breakout (zoom out of the chart to see).
Looking forward to a follow through over the next 12 hours...
The 4H BTCUSD chart just showed a renewed effort with strength. The 4H MACD just turned upwards, in line with the daily MACD and technicals, and tested an interim trendline resistance with momentum.
IF and when there is a successful breakout, look for 12,000 as a target, given the pattern of yet another pennant breakout (zoom out of the chart to see).
Looking forward to a follow through over the next 12 hours...
