It is always nice to see an uptick in the crypto market. Bitcoin had a nice day yesterday and is slightly higher today. However, has price action changed at all?
More Price Changes, The More it Stays the Same
When you look at the bitcoin daily chart you see we are still firmly in the trading range of the last couple months.
Price needs to establish above 4,200 before we can see any true change in the current trading theme.
If that were to happen then we have upside all the way too 5,500 as evidence in the prior consolidation before the big drop that I have a line drawn from.
We shall see, but right now same old news.