BTCUSD Higher Low Formed, Next Target $68,361

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The potential support at $51,689 has turned into a level of support and has formed a new higher low. Bitcoin has also broken out of this downtrend going long towards $68,000. BTC has hit par with its previous local high created back in February after posting a high of $58,000.

At the moment, Bitcoin is at a critical decision point to judge whether it pumps up or down. Honestly in my point of view I am expecting Bitcoin to pump right through the local high at $58,000 and continue rising to $68,000 (3,618 Fib level)

The only other level of resistance in the path of Bitcoin hitting $68,000 and above would be the $61,000 level created by the absolute high formed earlier in March. This level would be the TP1 going long towards the 3.618 Fib level and above.

Bitcoin and the rest of the crypto market as a whole looks like its ready to pop off upwards 🚀
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Great idea
+5 Reply
@John_Smithh Thanks!
Good analyses
+3 Reply
Thanks for sharing your idea.
+2 Reply
currently the 4 hour chart has confirmed a bull rally. my personal near term target is only 66k however.
+1 Reply
watch the 30 minute and 1 hour EMA ribbon for real time trend reversal indication. The 4 hour ribbon confirms the reversal. I've identified this on all pervious rallys.
+1 Reply
Amazing work
+1 Reply
+1 Reply
Great analysis!!
+1 Reply
@kliviarocha thank you 😊
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