Quick BTC update

Right now, BTC is trading at 59.7k. A while back we saw it jump to as high as 60k, but then it dived down again to the current price zone.

Truth is BTC is showing lots of bullish signs. In the 1h chart the KDJ oscillator has been detecting huge buy volume from whales and retail investors.

Moreover, the 4H chart is also forming a bullish pattern. A tripple bottom has formed, upside target is 62.5k.

This is a significant sign, because if this pattern will play out, BTC will be able to topple down the 61k-62k resistance. Consequently if BTC will break this resistance, it means that more upside movement should be expected.

To recall, the daily KDJ oscillator has been anticipating a bounce back to the 71k zone. That is still valid and may still play out in the comming days or even in the next few hours.

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