The 4 hour and the 1 day confirm the Ascending Triangle pattern that has been developing from September.

The resistance is at $6789.

The RSI and the MACD also confirm the Ascending Triangle pattern.

If the break is Bullish Bitcoin could make a move to $7370 which is the top of the September 5th drop. There is no resistance until you get to that level.

We are bullish on Bitcoin at this point.

4 Hour

1 Day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)