David_Smith
Long

BTC|USD - Breakaway Gap Confirmed

CME:BTC1!   Bitcoin CME Futures
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Currently there are a lot of bullish signs around btc . Here are some of them:

-price broke and fixes above horizontal resistance
-price broke the descending channel's resistance
-breakaway gap has been confirmed

Now we face 2 horizontal resistance (previous range's resistance). If the one is broken the Price will continue to rise.

The more long term target after price fixes above 2 horizontal resistance is:
-9.800$

More conservative targets that cover all the road up are:
-8.800$
-8.900$
-9.000$
-9.100$
-9.200$
-9.300$
-9.400$
-9.500$
-9.600$
-9.700$

Write in the comments what you think about BTC market situation?

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Not a Financial Advice
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Thank you for the update
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@GTPete, thanks for comment
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@GTPete, appreciate your support
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