$4280 - $4386 possible retrace - $5792 target 50ma wk BULLISH

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
we are on top of BB's so a retrace might happen after such a big move, but looking bullish (longer term) due to price breakout above resistance $4386
I have a target of $5792 but best to wait for a retrace to around $4400 scaling in, altcoins will probably be in a better place while BTC does a correction as long as it's not a quick move.
RSI is at resistance so again I would think a retrace should come before we eventually break it.

Bullish longer term in Bitcoin after this move (3-6 months)
Trade closed: target reached: About 30% profit - closed.