BITCOIN - 7/21/2017 Price Update

in #bitcoin • 7 years ago

The BIP91 lock-in has propelled Bitcoin skywards and above the equilateral triangle bottom trend line that was broken on July 10th. This is definitely a bullish sign and I think we might have resolved the sideways action a week earlier than expected.

A retest of the breakout at $2550 wouldn't be unwarranted and very much welcome. Afterwards, if we can hold the bottom of the equilateral trend line and ride along it a few days, we will definitely see new all time highs shortly.

Levels to watch:

$2755: Current Price
$2630: Potential support here
$2450: Potential support as well. I think we will need to test this before this move is really confirmed. Otherwise, I'm a bull here looking for a pullback to enter.

gdax-btcusd-Jul-21-2017-11-24-8.png

gdax-btcusd-Jul-21-2017-11-25-34.png

#ethereum #cryptocurrency #charts #trading
7 years ago in #bitcoin by
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