As we get into the 5/21 US session, bitcoin is threatening a key resistance area. When we look at the 4H chart below, we can see that btcusd is currently testing a falling channel resistance. This channel has been forming since a couple of weekends ago after price found resistance at 249. This week, after a test of 229, it looks like bitcoin might be setting up for a bullish outlook.
Bitcoin (BTCUSD) 4H Chart […]
