Bitcoin continues to stay higher and maintains a bullish perspective, even if there are many rumors that said that the crypto is a fraud. The Cryptocurrency is still very attractive and should climb much higher in the upcoming period, personally, I’ll see this somewhere at 30000 in one year because it will attract more and more buyers.

However, we’ll see what will happen because the fundamental factors could send it lower. Technically, it has shown some exhaustion signs on the daily chart, but I’ve said in the last weeks that selling Bitcoin or Ether is not an option right now because the they could increase anytime and could reach historical highs.

Ethereum rallied aggressively in the last days and reached the 739 level today, but seems like it is too overbought to stay higher.

Bitcoin changed little on the short term, it is trapped between crucial support and resistance levels, remains to see the breakout direction.

Bitcoin has found a strong supply above the fifth warning line (wl5) of the ascending pitchfork and has come back down to retest the wl4. A valid breakout above the wl5 will confirm a further increase, while a breakdown below the wl4 will signal a drop at least till the third warning line (wl3). If you  speculate on Bitcoin, will be better to stay away and wait for a fresh signal because right now it looks undecided on the H4 chart. It could move in range in the upcoming days, but you should ready for a sharp movement very soon, remains to see if the sideways movement will be an accumulation or a distribution.