Expect a possible bullish price rally | 09 April 2018

Instead of continuing short as previously forecasted, Bitcoin gained some value over the Friday's trading day and even went above the upper trend line acting as the resistance to the falling wedge formation. As long as this price remains above this trend line , we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side but should not go beyond the hourly resistance level 7304.21. If this target is broken, then the price will likely push higher.

Expect a possible bullish price rally towards 7304.21