For education purposes only.
Price (Up)
Following on from yesterday's price review (here) the BTC price continued its consolidation at the rising trendline (thick, green) and then had a small pop this morning.
BTC is currently trading at $6,860 (Bitfinex) up from a low of $6,500 yesterday.
The move isn't that significant other than resolving the area of price consolidation and possibly sets the price up for a challenge on the $7,000 level and might test the month-long overhead descending trendline, which if it breaks might signal a reversal.
Bias (Neutral - eyeing a bull setup)
Still looking for a comfortable long entry. I'd like to see the price break above the critical level of $7,500 then have a small pullback, at which I'd be looking for taking a long trade.
Until tomorrow,
Bobby.