Bitcoin Continues Its Climb Up! (Next support & resistance level)

We are trading in an ascending channel .

Bitcoin has strong support marked by trend line , moving averages and fib. support.

Right now Bitcoin is retracing, letting off pressure, to prepare for another push up.

Bitcoin Support & Resistance Levels

After we hit $7300-$7500, we can revisit the chart to mark our next target.

For support we are looking at mainly $6800 followed by $6550+.

Charts, signals & indicators

The weekly chart looks positive. This week didn't have enough volume for a strong move up. We either get the volume from buyers or we keep on "reloading" until mid-next week when another push up can happen.

If the bears take charge, we will visit the support levels mentioned above.

Thanks a lot for reading...

Make sure to visit my other trades in the "Related ideas" section below... They are doing good at the moment.

Alan Masters here...

Namaste.

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