Even after breaking above the upper trendline acting as a resistance to the falling channel formation, Bitcoin is yet to show any serious moves to the upperside, rather Bitcoin moved slightly to the upperside and is still below the 4 hour resistance level 2713.38. This crypto picked an upward momentum from 5776.94, but as long as the price remains below 2713.38, we’re patiently waiting for a break above it to pick a long term long position with an ultimate target at 9854.90. If this target is broken, then a rally towards last year’s highest high 19000.00.
Trade Recommendatiions:
Wait form a clear breakout above 2713.38 to pick a long term long position with an ultimate target at 2713.38
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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