Bitcoin breaks above 10k again but it could be a technical test

0
  • Bitcoin breaks above 10k once again but it could be a trendline test.
  • The broken triangle formation was taken out in the early hours.

 

The BTC/USD price has come back on the hourly chart on pretty thin volume but it is still building.

It was a pretty convincing break at 4 am London time last night. 

The value area on the chart stands at 10,299.00 and there is the potential that price could come all the way back there.

The base case scenario is a test of the formation and a move back to lower level.

 

Bitcoin technicals

 

Get the 5 most predictable currency pairs

About Author

Comments are closed.