The past week saw a rise in the price of bitcoin and many other altcoins. The weekly candle finally looks positive for the bulls. Most likely, the bulls will want to continue climbing, and the price will continue to go up, says the CEO of the service cryptorg.net Andrey Podolyan.
BTC/USD weekly chart
On the daily time frame there was a breakthrough global triangle, the price on Thursday, rapid pulse soared more than 10%. I believe that price and then slowly continue to go up, following the local levels of resistance, which can be sale is 9200, and 9800 11700.
This triangle was formed and could not get any of the sides exactly 4 months, and the breakdown happened about the time we planned. And once the breakdown happened up, it is logical to follow now bullish option, so we continue to trade in the global patvanhove, and is currently beginning to develop wave 3 with targets of 15-17 thousand.
BTC/USD daily chart
On 4-hour chart, now there is a small correction, I assume that the price should not fall below 7800. Next, approximate the price move on the chart noted the purple curve.
BTC/USD 4 hours
Ethereum
ETH justified the best expectations and after a short consolidation surely strayed from the long-term support
ETH/USD daily chart
The General trend of the spring growth of the market price of the second coin will tend to levels of 700-750$ per coin.
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