Bitcoin looked like it was going to reverse trend yesterday and see a pullback after nearly six consecutive bullish trading days. However, it's looking as if the bulls had enough of a break and the bears have temporarily given up.

The daily chart still shows lots of uphill potential as the bulls seek to push BTC to a new ATH.

Support still sits at $4,691, a level which bears failed to hit yesterday. Resistance on the high end is $4,926 and the ATH at $4,980. A break of the ATH resistance would see BTC in a blue sky breakout with no resistance levels (except fib levels).

Daily MACD and RSI seem to still be in an uptrend with little signs of correcting.

Movement today favors the bulls and I think we'll see a big push over the next day or two to hit the ATH. Bitcoin Gold could definitely be driving the demand and hype right now as there seems to be no other good news (or any news, really). Russia's crypto pan had no effect on the market, indicating strong sentiment.

Happy Wednesday and happy trading!

Please up vote, follow, and resteem!