Bitcoin (BTC) has had Nine green candles in the last ten days and has been trading between $50,901 - $57,074 over the past 24 hours.
As of 09:30 AM (UTC) today, BTC is trading at $56,470, up by 10.61%.The daily chart shows the spot Bitcoin price trading on either side of $52k. A confirmed break above this level will allow BTC/USD to press higher with little in the way of technical resistance until $59k-$60k coming into view.
A short period of consolidation may be needed but unless there is a fundamental change in market sentiment, the path of least resistance over the coming weeks remains higher. On the other hand a pull back is also highlyprobable.
