The Bitcoin bulls have been grinding it out slowly and maintaining the 12 and 26 exponential average support overnight to maintain this bounce. We are getting due to have consolidation on the 4 hour chart, so any bullish entries at this level should be cautious. We will be looking for a daily lower high to be set soon as well. If we lose the hourly higher low pattern and we will look to form a 4 hour higher low. Patience is the key to a good entry on consolidation if not already in a position.
Hourly Chart:
