BTCUSD - Can it break the trendline

2 thg 7, 2018Price has tested the daily support level and bounced up, only to meet the daily dropping trend line. For BTC to go bullish, we need to see a close above this trend line. RSI is showing divergence, indicating an upward movement. However we lacking to see the breakout of momentum. The price is squeezing in the tight triangle, indicating a breakout is coming around.

3 thg 7, 2018

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The price has crossed above the trend line today. Currently it is testing important support level @ 6660. A close above this level can open the roadway all the way to 7500.