BTC: Short Term Rally

This is the first time in a couple months that BTC broke above the 4H 200MA. BTC broke out of the descending channel on May 29 and retested previous resistance as new support this past week.

If BTC continues to make higher lows, we can expect price to reach the mid 30K range (35K - 37K) in the coming weeks.

A break below 29.2K would invalidate this idea.