After hitting a record high above $68,000 on Monday, Bitcoin is currently pulling back. On the hourly charts, we can see that the breakout below the value area was a bear trap. BTC quickly reclaimed the value area to hit new highs. It is now making a base on fib 0.5. With BTC rising again on the upward sloping trendline, the uptrend remains intact as the index tries to find support at fib 0.786 at $66710 near EMA 50.
