FXHighway

Bitcoin heads for more gains

Long
BITSTAMP:BTCUSD   Bitcoin
Target: 4400
Risk: 3725

Technical reasons:

Bitcoin price surpassed our first target at 4000.00 to open the door to visit the next target at 4400.00, getting positive support by the exponential moving averages 50 and 100.

Surpassing the second target will push to 5000.00$ areas, while breaking 3725.00 will press the price to decline.

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