Bitcoin rallying higher | 16 April 2018

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

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.