Ok, we looked at MTHBTC and the higher low chart setup... It ends up with prices moving higher but this one is different... Let's have a look.
For FETBTC we have a falling wedge but there is no low followed by a higher low...
Instead, we see prices first printing a strong decline, and little by little they start to curve.
When we look at the end of the falling...
Bitcoin (BTCUSD) has been a slow recovery with slow and steady growth which is now turning into a "strong recovery".
We have a "V-shaped" bottom and there was only one barrier left to know if Bitcoin would produce additional up.
This resistance is at $7865 and is now being challenged on the weekly timeframe.
Prices for BTCUSD are safely trading above...
