Bitcoin Price Analysis: Time to Start Getting Bullish Again?

Bitcoin is still trading inside an ascending channel on the 1-hour time frame and looks ready for a move up to the next resistance. This could be at the mid-channel area of interest at $7200.

Stronger bullish pressure could take it up to the very top of the channel around $7600 or higher. The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This means that the uptrend is more likely to continue than to reverse. Price has also...

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