Following our previous analysis, Bitcoin is still in the same area, around $5200, inside the ascending triangle formation (which can be seen on the following 4-hour chart). This is what we had written on our last analysis: “From above, Bitcoin is still facing the $5200 area. After twice getting rejected, Bitcoin is getting closer to breaking up the $5200; however, the real target is the resistance area of $5300.” The big picture hasn’t changed much: The real resistance is located around $5300 – $5350, while BTC is expected to reach its decision point in the next day or two. A breakout of the above pattern and we ... (full story)