BTC did break the resistance of the trading range at $6.110 and confirmed further upward continuation. It is the late stage of the upward trend but seems that there is still fuel for the upside.
Purple rectangle – Resistance which became support
Green rectangle – Support
Green channel – Potential bullish flag
According to the H1 time-frame, we found that BTC did upward break of the resistance cluster, which confirmed demand for the BTC and potential more upside. The bullish flag in creation after the breakout is another sign that BTC my continue with the upside. Support levels are seen at the price of $6.105 and $5.718. Upward objective is set at the price of $6.400. Watch for buying opportuntiies.
