BTCUSD Ready for More Upside?

21 thg 7, 2018

Bitcoin continues to hold it's move from $6400 to $7400. Most people would have expected a short term pullback by now but the possibility of an ETF being approved is holding up the price. Other coins corrected significantly compared to Bitcoin. Since we haven't seen a pullback yet, I give it a better chance of having another big leg up soon to around $7900. There will be strong resistance there at the 200 EMA and downward resistance line. But if we can break out of the descending triangle formation, we will be in for one hell of a bull run!!!