Still above $30,000, bitcoin looks to be gathering strength to make that all-important break of the $31,000 level.
The crypto market is in calmer waters currently as it looks to bitcoin to make that definitive move past $31,000. Given the sheer scale of the resistance above, bitcoin will need to gather the help of all the bulls in order to be successful.
Momentum still gathering
One of its main weapons to surpass the resistance will be momentum, and short term Stochastic RSIs are resetting to the bottom as bitcoin traverses sideways.
The daily timeframe RSI would be a major help, and this is now passing the halfway point on its way down. Once at the bottom and the signal lines cross up this can be a major sign that bitcoin has the impetus to make the break.
Bullish chart patterns
Having started this particular attack on resistance on June 15, the price reached a high on June 23 before traversing sideways, forming a bull flag as it went. The measured move for the flag is $36,000, the ne
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