FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin / Bitcoin / BTCUSD. Good afternoon. Bitcoin walked quite nicely north yesterday, and the bullish sentiment still retains its strength today, so I continue to look to the north as the more prioritized option for myself. Technically, on the hourly chart the indicators remain in favor of further growth, the pair is now within a local consolidation, after which one can look to open a new long position, the next target - 82150-200 in the short term. At the same time one of the lower-panel indicators does not support the development of the northward bias, but it seems to be simply running out of steam. Moreover this phase is already coming to an end, so most likely we will see a new impulse up in the near future. On the 4-hour chart the indicators also remain in favor of further growth, and the Bollinger Bands here are still expanding, which suggests a likelihood of continuation of the current upward impulse, but already on a medium-term horizon. And here too one of the lower-panel indicators has stopped supporting the bullish bias, but it does not negate it.