FXHighway

Bitcoin recovers

Long
BITSTAMP:BTCUSD   Bitcoin
Target: 4545.00
Risk: 3630.00

Technical reasons:

Bitcoin price surpassed the resistance line to open the door for expected visit to the descending channel’s resistance, and the price gets support by the exponential moving averages 50 and 100.

The next target at 4545.00, while breaking 3630.00 will push the price to decline again.

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