Bitcoin Going After the Next Resistance

How quickly things change after not changing for what can feel like forever. The price action of bitcoin is catching people's eyes the past couple week after cracking that 20K level and now pushing even higher.

BTC Price Going for the Next Level...

Has the tide turned?

Not sure I'm ready to call a change in trend, but the good news is we are clearly out of the down trend that started with the all time high (see yellow trendline).

After price pushed up above the 20K level we saw a consolidation at the 21.5K area which was the last little top before price had broke down to the lows, thus it is not a surprise we saw a pause there.

However, price digested that quick and is now pushing higher again and looking at the chart the 25K area is the next clear upside target. It is the high of the range in price since July of last year.

I'd be surprised if we didn't see 25K tested at this point. BTC is at 23,225 as I type this, so still a ways to go but there really isn't any clear resistance until that area.

Ideally we see BTC 25K so then I can post about what the next upside target is!

Posted Using LeoFinance ^Beta