After a strong leading breakout from the 4H RSI, Bitcoin has rallied all the way to retest $82k for the first time since May! I said in yesterday’s post it was looking like price was preparing for a large volatile move, and this is exactly what we go.
This $82k retest has still, so far formed a lower high from the high made in May, but the strength of the short term rallies makes it look like price could most certainly continue higher from here.
If we do see a small rejection from here, keep a close eye on the $79k level as a prior BOS and strong support on the VRVP.
It should be very interesting to see where this weekly candle closes in the coming days! Keep a very close eye on these levels…
