The popular cryptocurrency is currently drawing several graphical figures, and they all point towards growth.
First, the figure is reverse head and shoulders where Bitcoin is currently located on the second shoulder.
Second, this shoulder is a “flag” which is believed to be a figure of growth continuation.
And third, Bitcoin has already gone above resistance which now looks more like a candidate for support and might be soon tested by a downward movement.
In general, the technical image points towards developing an upward drift to the next line of support at 46600.
This content is for informational purposes only and is not intended to be investing advice.
