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Bitcoin (BTC/USD) Bull Flag, Ethereum (ETH/USD) Bumps Back Above 2k

From dailyfx.com

Bitcoin continues to coil under the 60k psychological level after last week’s failed breakout. And that wasn’t the first failure at 60k, as there’ve been at least two other separate tests since price action pulled back below that line in the sand in mid-March. As looked at on Tuesday, this keeps the door open for bullish breakout potential. Eventually, with bulls remaining persistent, that 60k level could be taken out as the cryptocurrency challenges the all-time-high set less than a month ago. But, for now, price action is coiling with the big figure looming ominously above. But, also looked at on Tuesday was ... (full story)

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  • Category: Technical Analysis