BTC possible Bull move up to and maybe past 7000 to 7100 range

21 thg 6, 2018

BTC UPDATE 1 HR CHART: BTC has been recoving after it's fall to the 6100 range. The overall longer term sentiment is very much in question right now. I am leaning bearish in the mid term, but I see a possibility of a run past 7100 in the near to mid term. I do believe that a run past 7100 would likely eventually stop around 7900. If we go bearish after this recent bullish upward wedge, we would likely test 6K or even the strong support at 5800 and have new opportunities in the alts.

Technically, I am seeing a combination of the following indicators giving me a decent probability of a bullish move in the near term as outlined in the chart.