Bitcoin Has Rallied through Resistance

Bitcoin Has Rallied through Resistance

Bitcoin. Bitcoin surprised me this morning with a strong push through resistance on multiple timeframes. As you can see on the daily chart below, price has pushed significantly past the 1st arc on the setup from the 750 low (see red arrow). While technically this is not a buy signal until we have a close above the arc, it seems highly likely that we will be given a buy signal on the daily chart in 16 hours or so. This does not necessarily mean that the correction is over. However, it means that there is a good chance that price will rally to the 2nd arc within the next day or two (or....

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