kyer

BTCUSD Reversal Upwards to $64,000+

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking at the 2-hour time frame of Bitcoin we can see that it has bottomed out at the $47,410 level from where it caught support after falling down from the local high formed at $64,581 which also created the start of this valley.

From here, Bitcoin regained this uptrend and hit our $55,218 TP level. Now i'm expecting Bitcoin to continue this path upwards and touch $57-58k and find those levels as support.

After this, Bitcoin will regain the local high at $61,336 and then eventually head towards $64,581 and then after it breaks out of this valley its going to touch the 3.618 Fib level at $68,361

Comments