Bitcoin finally followed Ethereum and Litecoin last night with a bull break to a daily higher high. Congratulation goes to the bulls. Bitcoin is currently in a weekly equilibrium pattern and the bulls are looking to hit $9,000. This weekly equilibrium pattern will be our guide for the next few months. Keep an eye on the 4 hour chart as a loss of the higher low, higher high pattern on this time frame would be a red flag that daily consolidation is near.
Bitcoin Daily Chart:
