BTC Looking Good

7 Mar 2021

Bitcoin is looking good on the 4 hour. In an ascending triangle formation using current resistance level of 52,398. We are at a nice place within the larger macro ascending channel (towards the bottom) and showing consistent volume and upward trajectory into a squeeze that will take place on March 9. Would have to break down past a few minor support levels to miss the squeeze lower. Above both the 50 and 200 day MA.

All things considered, considering BTC bullish over bearish.