Hi mates,
The BULLS have proven their resiliency so far so good. They have resisted the price falling below $7750, and they keep getting back at the BEARS surprisingly.
BTC is consolidating in a rectangle trapped in between resistance price of $8200 and support price of $7800, with this we have a bullish rectangle pattern forming up and
that could lead us to a break out to get to a bullish rectangle target price of $8550-$8650.
However, it is quite possible this consolidation in between the resistance and support price takes a bit of time before breaking out upwardly. But the BULLS have the game for now.
Goodluck!!!
The BULLS have proven their resiliency so far so good. They have resisted the price falling below $7750, and they keep getting back at the BEARS surprisingly.
BTC is consolidating in a rectangle trapped in between resistance price of $8200 and support price of $7800, with this we have a bullish rectangle pattern forming up and
that could lead us to a break out to get to a bullish rectangle target price of $8550-$8650.
However, it is quite possible this consolidation in between the resistance and support price takes a bit of time before breaking out upwardly. But the BULLS have the game for now.
Goodluck!!!