Long BTC towards $11,603.60 | 23 April 2018

Technical Observation

BTC is currently trading with an increasing bullish momentum bias. In the very recent past, a false breakout was seen when the price went below $6,933.21, but again ended up above it. This is a possible buyers increase, and while the price is above $6,933.21, my main focus remains on the buyers. My overall opinion is that the price should continue to rise towards $9,187.85 and should extend even higher. On its way to the upper side, the key lines to look potential reversals include $10,007.90, $11,603.60. If these lines are breached, then I expect a surge towards $19,078.15.

Trade Signal.

Long BTC towards $11,603.60.

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.