#Bitcoin is back above the ≈$71.3k resistance. We have been saying for 2 weeks that this is what we expected. Hopefully, you listened and took advantage of the dip.
Closing a 12h or daily candle above will be a really bullish sign but don't jump in immediately at least wait for the retest of previous resistance and look for bullish signs on lower time frames. If #Bitcoin drops below $71.3k it would mean it's going down to probably around $69k before continuing the move up.
In confluence with a break out of the symmetrical triangle this setup looks really good. Retest of the $69k would mean $BTC retests the triangle resistance as well. After that you can most likely guess what's going to happen.
Keep in mind retest isn't a must, most likely we go higher to trap all of those who are late to the party before going down to liquidate them and then continue higher.
It’s not in the zone of interest based on our TA, waiting to form a higher low at the bottom purple squiggly line (at the $0.16 support zone or ≈$0.135)
If the support doesn’t hold it will most likely retest $0.11