Bitcoin 6hr analysis

2022年8月2日

On 6hrs timeframe, it looks like bitcoin has broken out of the trendline and making its way to breaking 24.4k resistance. If bitcoin can break the resistance, then we can see bitcoin forming 25.5k and possibly 28k. If, on the other hand bitcoin fails to keep this momentum, it will then retest 22k support. So far, bitcoin has formed lower lows and higher highs, as this means that we are bullish for the time being, until some news scare the bears.