We are currently in a mini-triangle after breaking upwards, thus there is still bullish bias here. If we hold this triangle, price can still break upwards. (Reasonable, as we are currently at 54.1% Bitcoin Dominance and 2 upcoming Hard Forks, there is still a lot of money from alts to be squeezed)
Though if we break this triangle downwards, I expect to see $5000-$5400 and some consolidation for a few days before more continuation up to $6000+. (Reasonable, as we have gone up quite fast/unhealthily, and there is still 11 days until the fork)
Let's see what happens!
Though if we break this triangle downwards, I expect to see $5000-$5400 and some consolidation for a few days before more continuation up to $6000+. (Reasonable, as we have gone up quite fast/unhealthily, and there is still 11 days until the fork)
Let's see what happens!
Comment:
Price broke out to the upside!