After an incessant rise last week, BTC is still showing signs of rallying further upwards. While the price is above the three Simple Moving Averages (14, 52, 152), I expect a surge to the upper side. On its way upwards, the key lines to check for include $9275.23, $9,245.60, and $10,213.30. If these lines are broken, then the price will likely head further to upper side towards last year’s highest high $19,123.14. I will only consider a short position should the price break below $7,702.92.
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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Imelda Maseno
Analyst of «FreshForex» company
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