Higher Lows + Anticipation Volume Decrease = BTC BREAKOUT!

BTC has continued to push upwards over the last 36 hours, creating higher lows while savagely slaying bear-driven downward pressure. BTC tapped $6,570 thirty-six hours ago before rebounding to $6,700 within 3 minutes. From there, highs above $7,220 were reached followed by multiple down-swings which the bulls easily defended. Currently, we appear to be in a squeeze that could breakout upwards in the next 2-4 hours, IMHO.

Yesterday, almost exactly 24 hours, an 8 to 9% increase started, breaking out of short term resistance lines. I believe we hit our bottom yesterday and the next 24-48 hours are going to be spectacular. Good luck everyone!

Yorum:

More resistance at $6,850! LETS GO BULLS!