A Shorter Time Frame Chart May Tell You Bitcoin is Just About to Soar

Bitcoin has been waiting to outbreak $16,500, the crucial resistance level since the pullback from the year high at $16,493 three days ago. As many of the traders may expect a greater correction to occur since there is an 18% soared in Bitcoin’s price from the point when Bitcoin breakthrough $14,000. However, a clear W pattern can be found in the 15min chart, showing that there is a strong support zone between $15,800-$16,000 for Bitcoin. Therefore, Bitcoin is still on its bull run and expected to soar shortly.

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