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Bitcoin rallying higher

16 April 2018, BTC

Bitcoin rallying higher

Technical Obseravtion

BTC is currently trading with a decreasing bullish momentum. After a false break below $6,969.17, BTC recovered again to the upper side and is still above the daily support line $6,969.17. While this line remains intact, I expect a rally to the upper side towards $11,298.04, especially while the price is above $6,969.17. On its way to the upper side, the key lines to look for include $9,223.70, $10, 312.70 and should extend higher to $11, 290.01. In case the price breaks above $11,290.01, I expect further rally towards $16,335.30.

Trade Signal.

Rebuy BTC at $6,969.17 towards $11,290.00

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Imelda Maseno
Analyst of «FreshForex» company
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