Bitcoin is located at 34,512 level and it continues to pressure the immediate dynamic support. It moves somehow sideways in the short term. Most likely we'll have a strong movement after the current indecision.
Personally, I really hope that we'll have a great trading opportunity soon. We still need confirmation before going long or short. In the short term, the bias is bullish, so we could still search for long entries.
BTC/USD Changed Little!
BTC/USD jumped above the descending pitchfork's warning line (wl1) but it has found resistance at the weekly pivot point (34,875.28). Now is pressuring the ascending pitchfork's lower median line (LML).
The bias is bullish as long as it stays above this dynamic support. Bitcoin could increase significantly if it stays within the ascending pitchfork's body.
Forecast!
Breaking above 36,623 could validate a potential growth towards the ascending pitchfork's median line (ML).
Dropping below the S1 (33,124.51) static support announces a potential decline towards the 30,066 level again.
