Update on Bitcoin. BTC-USD on July 17, 2018

#BTC

The impulse still has its strength, it is a very good sign in terms of market development and we can go higher. Bitcoin continues to form the reverse H&S pattern, we can see on 1 day timeframe that we have broken the very important downtrend resistance which formed on the first days of May. We still have a potential of an uptrend movement and the next target resistance will be the downtrend lime, which was formed on the first days of March; it is possible to meet it within 7250-7750 zones.