BTC/USD (New Short Term Strength)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎


-Bitcoin broke out of this bullish descending channel today
-As the price reached as high as 48800 dollars
-The previous 46k dollar resistance area did turn support
-If BTC can hold above 47k dollar, I think the chances to go up increases
-My short term upside target is up to 49.7k-50.4k dollars
-For now, everything is looking safe even the Altcoins are showing good signs again
-I am looking to add another position if I see confirmation in the coming days
-Good luck traders and stay safe

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