• Bitcoin bull extend to the upside on Tuesday, after the strong gains on Monday, currently up over 1%. 
  • BTC/USD bullish set up eyed, breakout from a descending wedge pattern via 15-minute chart, but also a bullish flag eyed on the 4-hour.  

 

BTC/USD 15-minute chart


 

 

Spot rate:                  3565.00

Relative change:      +1.51%

High:                         3568.69

Low:                          3435.42

 

 

Trend:                        Bullish

 

Resistance 1:             3658.71, near-term supply area.

Resistance 2:            3818.42, daily pivot point resistance.

Resistance 3:            4056.07, daily pivot point resistance.

Support 1:                  3261.35, daily pivot point resistance.

Support 2:                  3023.7, daily pivot point support.

Support 3:                  2863.99, daily pivot point support.

 

BTC/USD 60-minute chart

  • Given the breakout of a near-term descending wedge, eyes on next barrier of $3800 territory,

BTC/USD 4-hour chart

  • Formation of a bullish flag pattern eyed, as bulls will look to extend further north from this. 

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