Taking a look at the 4hr chart we have bounced off the lower support line also the RSI indicates a double bottom which could send us towards the upper resistance.
The RSI also indicates the upper resistance is very strong, if we do hit it don't be surprised if we begin to fall out of this Uptrend & retest $46,000.
If we are able to break through this bearish consolidation we may be on our way to $50,000 rolling through the weekend with some pullbacks along the way.
The RSI also indicates the upper resistance is very strong, if we do hit it don't be surprised if we begin to fall out of this Uptrend & retest $46,000.
If we are able to break through this bearish consolidation we may be on our way to $50,000 rolling through the weekend with some pullbacks along the way.
