Resistance Holding Bitcoin Back -But For How Long?

After breaking out of the triangle pattern yesterday, Bitcoin has been trading in a narrow range between 2 support/resistance levels as we can see here:

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https://www.tradingview.com/x/uZ3xo9gP/
4 Hour Chart

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The Bulls and the Bears clearly can't seem to make their minds up at the moment, but the indicators are all looking more Bullish than anything else.

• The MACD is bullish and above the signal line
• The RSI is showing good strength just above the 50 level, and
• The MA cross is still on the buying side of things.

Volume is still a little low, but if the indicators remain on the bullish side, and if we also see volume picking up, we could soon break the resistance level at around $11,624 (it did earlier today, but only briefly).

If that level can be cleared, a rally to just under $13,000 could be on the cards!

But what do you think? Am I being overly bullish right now? Could another dip be coming? Let me know below!

Thanks for viewing & enjoy the rest of your Sunday!

(unless it's already Monday where you are of course)

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For more technical analysis and crypto related posts, see also: @toofasteddie, @gazur, @ew-and-patterns, @pawsdog, @cryptomagic, @exxodus, @beiker, @allthereisislove, @lordoftruth, @masterthematrix, @cryptoheads, @tombort, @maarnio, @steemaze & @briggsy

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Not intended as investment, financial, or trading advice.