Technical
analysis:

analytics649e8f6b4dc7b.jpg

BTC/USD
has been trading upside
this morning and I found breakout of the tight trading range to the
upside, which is good sign for the further upside movement.

Due
to the breakout of
the defined tight range and the mid term upside trend, I see
potential for the further growth towards the upside reference.

Upside
objective is set at the price of $33.000

RSI
oscillator is showing breakout of the supply trend line, which is good
sign for the further rally.

Key
support is set at the price of $29.800

The material has been provided by InstaForex Company – www.instaforex.com

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.