BTC/USD dropped in the short term but the sell-off ended already. The crypto is located at 29,133, trying to approach yesterday’s high of 30,022. In the short term, the bias is bullish, so more gains are natural.
Bitcoin increased by 8.23% from yesterday’s low of 27,242 to 29,483 today’s high. An upside continuation should help the altcoins to grow as well.
BTC/USD 30,022 As First Target!
BTC/USD came back to test and retest the 27,883 former resistance. It has failed to stay below the median line (ml) indicating strong upside pressure.
Yesterday’s high of 30,022 represents the first upside obstacle and target. A valid breakout above it activates further growth.
BTC/USD Outlook!
A bullish closure above 30,022 activates further growth and is seen as a buying signal.
The material has been provided by InstaForex Company – www.instaforex.com
BTC/USD dropped in the short term but the sell-off ended already. The crypto is located at 29,133, trying to approach yesterday’s high of 30,022. In the short term, the bias is bullish, so more gains are natural.
Bitcoin increased by 8.23% from yesterday’s low of 27,242 to 29,483 today’s high. An upside continuation should help the altcoins to grow as well.
BTC/USD 30,022 As First Target!
BTC/USD came back to test and retest the 27,883 former resistance. It has failed to stay below the median line (ml) indicating strong upside pressure.
Yesterday’s high of 30,022 represents the first upside obstacle and target. A valid breakout above it activates further growth.
BTC/USD Outlook!
A bullish closure above 30,022 activates further growth and is seen as a buying signal.
The material has been provided by InstaForex Company – www.instaforex.com
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