Zooming in to the 4hr chart there is a potential 4hr inverse head and shoulders pattern forming and a 4Hr MACD bull cross. Follow through could see the bulls forming that higher high on the daily chart.
Bitcoin Technical Analysis
The Bitcoin bulls have been running overnight and formed an hourly higher high and higher low. After forming a higher high and higher low on the daily chart from the bottom of the dump at $6905 in recent days they are now looking to form a higher high above $9090 with a bullish MACD cross still in play on the daily chart. The 12 and 26 exponential moving averages now forming support on the hourly chart for the bulls.
Zooming in to the 4hr chart there is a potential 4hr inverse head and shoulders pattern forming and a 4Hr MACD bull cross. Follow through could see the bulls forming that higher high on the daily chart.
Zooming in to the 4hr chart there is a potential 4hr inverse head and shoulders pattern forming and a 4Hr MACD bull cross. Follow through could see the bulls forming that higher high on the daily chart.