BTC – Bull Trend Continues

Bitcoin is rising slowly while holding the 100-EMA support on 4 hour charts. It is also making lower highs inside a triangle pattern.

The first support here is the base of the triangle right above the fib 0.382 and the local resistance remains at fib 0.786 near the $62,000 range.

Bitcoin closed strongly positive and there are still volume spikes coming green. The pattern of making lower highs can possibly break and if it does, BTC could target the next resistance level of $62,257, the price level of yesterday, and possibly fly higher to the price level of $64,000 area. The support level below EMA 100 is at $57820.