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Bitcoin's early morning price action continued its uptrend, extending from around 73,000 to an increase reaching approximately 74,900. The daily chart shows continued incremental increases gradually forming an upward breakout, displaying eight consecutive bullish candles with sustained incremental gains.
Tuesday morning market outlook:
Price around 74,500-74,000 area - bullish; target 75,500-76,000 area. Conversely, bearish signals possible.
Price around 2,340-2,320 area - bullish; target 2,400-2,420 area. Conversely, bearish signals possible.
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