Buy BTC around $7,661.98 | 23 May 2018

Technical Observation

BTC is currently trading with an increasing bearish bias. On Tuesday, BTC lost almost 90 perfect the value it gained before the end of last week, currently the price is approaching a weekly support $7,661.98 and also last week's lowest low. This is a potential reversal line and unless it is breached to the lower side with a big red candle, I remain optimistic that the price could bounce from it to the upper side. On its way upwards, the key lines to check for possible book profits include $9,445.84, $13,361.21. If these lines are b reached, then I expect surge towards $25,000.00 by the end of this year.

Trade Signal.

Buy BTC around $7,661.98 towards $13,361.71.