Bitcoin has been forming a formidable base and now is looking to test the top of the consolidation for the 3rd time. The market has been continuously making higher lows and higher highs on the hourly timeframe but each time it gets to 7K the price meets resistance. The price is also above the 55 and 200 moving averages. This is considered a bullish sign and the RSI indicator is also positive above the 50 mid-line. Looking closer at the chart now, the price action is very jittery at these higher levels but also the volume is pretty low. As the crypto market is so unpredictable it's hard to say if a big bout of buying ... (full story)