Technical Observation

Since 21st may this year, its the first BTC has gone above the three Simple Moving Avarages (14, 52, 90). As I said ealier this month, anytime the price rise above these three, expect a rally upwards, while the price is below them, expect a rally to the lowerside. In this case, the price is above the three, therefore, I expect a surge upwards with my take profit at $9,559.70. On its way upwards, the key lines to look for include $7,836.10, $8,197.90 and $8,559.70. If these lines are breached, then a momentum towards $9,559.70.

Trade Signal.

Long BTC now towards $8,559.70.

101% Double the volume