Bitcoin Consolidating Before Retesting All Time Highs???
After Bitcoins recent massive runup of over $1000, it appears as if Bitcoin is gearing up for even more gains! Bitcoin has formed healthy consolidation patterns over the last day couple days and looks ready for a retest of all time highs. Major levels to keep an eye out for are 2615 as near term support and 2920 as near term resistance.
Bitcoin continues to create higher lows, but has failed to break 2920. Look for Bitcoin to continue this ascending triangle pattern over the next couple days, but finally breakout above 2920 and break to new all time highs. Next target on the longer term chart will be $3400!
Have a great day and thanks for reading!
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