Scott Melker: Bitcoin daily chart shows resilience post breakout
@scottmelker: Bitcoin consolidates after breakout
Bitcoin's strength on the daily chart continues to attract attention. The cryptocurrency has maintained its upward momentum, particularly after breaking through the descending trendline and surpassing the significant $88,804 resistance level. '''Crypto analyst Scott Melker''' highlights that the price is now consolidating above key levels, an encouraging sign for investors. He points out the formation of the last three candlesticks on the chart, which suggest ongoing consolidation above these critical levels. Investors are closely watching these signals for further insights into Bitcoin's potential trajectory.
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In the previous news, tweet author Scott Melker discussed the rise in cryptocurrency adoption among traditional finance institutions.
