Bitcoin has been consolidating for a number of weeks now. However, today BTC has broken out of its previous trend.
Look for a retest of the breakout level before moving upwards towards the all time high.
A break out will typically rise, show a few confirmation candles above the break out, drop back down and tests those break out levels (green line marked on the chart). A bounce happens (previous resistance becomes support) and the stock continues upward.
Look for Bitcoin to move up towards the yellow circled area on the chart in the coming days.
Look for a retest of the breakout level before moving upwards towards the all time high.
A break out will typically rise, show a few confirmation candles above the break out, drop back down and tests those break out levels (green line marked on the chart). A bounce happens (previous resistance becomes support) and the stock continues upward.
Look for Bitcoin to move up towards the yellow circled area on the chart in the coming days.