Bitcoin break out of support area beginning to approach new high
Support levels/area:
Bitcoin dipped into the highlighted support area rejecting upwards and is moving to retest at past levels.
Ichimoku Cloud:
Indication shows bullish sentiment on the hourly basis since bitcoin crossed above the cloud. Lagging span is currently above price which is further showing bullish sentiment. Conversion line (Blue) and Base line (Red) have a wide gap between each other showing high volume in trading activity with Bulls winning over bears.
Bitcoin dipped into the highlighted support area rejecting upwards and is moving to retest at past levels.
Ichimoku Cloud:
Indication shows bullish sentiment on the hourly basis since bitcoin crossed above the cloud. Lagging span is currently above price which is further showing bullish sentiment. Conversion line (Blue) and Base line (Red) have a wide gap between each other showing high volume in trading activity with Bulls winning over bears.