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

#Bitcoin / Bitcoin / BTCUSD. Good afternoon. Bitcoin yesterday had a pretty good walk to the north, and for today the bullish mood retains its strength, so I continue to look to the upside as the more prioritized option for myself. Technically, on the hourly chart the indicators remain in favor of further growth; the pair is currently within a local consolidation, after which one can look to open a new long position, the next target - 82150-200 in the short-term perspective. At the same time one of the lower-panel indicators does not support the development of the upside bias, but it looks like it is simply losing momentum. Moreover this phase is already coming to an end, so most likely we will see a new upward impulse in the near future. On the 4-hour chart the indicators also remain in favor of further growth, and the Bollinger channel is still expanding here, which suggests a likelihood of continuation of the current upward impulse, but already in the medium-term perspective. Here too one of the lower-panel indicators has stopped supporting the bullish bias, but it does not negate it.