The price of Bitcoin changed little in the short term but the bias remains bullish. The crypto could extend its growth anytime. It's trading at 27,287 at the time of writing. You knew from my previous analysis that BTC/USD could develop a new leg higher after retesting major downside obstacles.
In the last 24 hours, Bitcoin is up by 1.53% and only by 0.23% in the last 7 days. Bitcoin's broader growth should help the altcoins to grow as well.
BTC/USD Attractive For Buyers!
BTC/USD found support on the lower median line (lml) again and maintains a bullish bias. You knew from my previous analysis that the crypto seems determined to jump higher after escaping from the minor down channel.
27,549 represents an immediate resistance level. The rate failed to reach this level in the last attempts. It's trapped between the lower median line (lml) and 27,549. Escaping from this minor range should bring us new opportunities.
BTC/USD Forecast!
A bullish closure above 27,549 activates further growth and is seen as a new buying opportunity.
