Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $6.718. According to the H1 time – frame, I found strong demand on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target and key resistance is set at the price of $6.772.
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $6.718. According to the H1 time – frame, I found strong demand on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target and key resistance is set at the price of $6.772.
$6.718 – Intraday resistance; $6.541 – Intraday support; $6.772 – Objective target;
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
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