TradingView
Mihai_Iacob
Oct 18, 2020 3:32 AM

Bitcoin outlook Long

Bitcoin / U.S. dollarBitstamp

Description

From 10k bottom in early September, Btc is trading upwards putting in higher lows on our chart.
Now the cryptocurrency is trading above important 11k resistance and I expect a continuation to the upside as long as this support (old resistance holds).
My first target for Bitcoin is 12k but, on the other hand, a drop under 11k would put pressure to the downside and expose 10k zone again.
More