BTC has established a strong trend on the 4-hour chart and is now testing resistance dating back nearly three weeks. Given the resistance ahead the most likely move from here is back down to support at 6,313, which is also a 61.8% retracement of the up move from 6,205.
For a convincing move higher, we will need to see each resistance level turning to support. The key level to break will be 6,530 which is the top of a symmetrical triangle.
For a convincing move higher, we will need to see each resistance level turning to support. The key level to break will be 6,530 which is the top of a symmetrical triangle.