Bitcoin — Can It Stick The Landing (Finally)?
Once again, Bitcoin is trying to break out of its lengthy consolidation.
• Pumped above the horizontal resistance at 61k
• Trades above the middle band of the long-term bull flag
What's important:
Bitcoin needs to stick the landing. This means it has to close at this level on the daily chart.
How are the chances?
Much better compared to the recent attempts since the entire market is super bullish today.
However, the volume doesn't support the pump and remains at a relatively low level. Typically, you want to have a huge volume spike on a breakout.
Summarized: Although it looks good, Bitcoin isn't over the hump. Wait for confirmation!
