This is a quick and simple look at the 15-minute chart of Bitcoin,
I believe that a trend reversal has already occurred and we are seeing the beginning of the new tendency, I would be happy to post my analysis of the long-term picture if I see some interest.
BTC has stayed inside the yellow channel for the past few days, the upper limit has proved to act as resistance several times so breaking above the 7000-7100 price range will likely cause BTC to test 7500 again. If we break the channel to the downside we could bounce in the 6400-6500 where buyers seem comfortable entering.
I believe that a trend reversal has already occurred and we are seeing the beginning of the new tendency, I would be happy to post my analysis of the long-term picture if I see some interest.
BTC has stayed inside the yellow channel for the past few days, the upper limit has proved to act as resistance several times so breaking above the 7000-7100 price range will likely cause BTC to test 7500 again. If we break the channel to the downside we could bounce in the 6400-6500 where buyers seem comfortable entering.
