kyer

BTCUSD Reversed Off of $33,099

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Quick update on the price of Bitcoin , it broke out of this downtrend and created higher lows on a bounce off of $33,099, indicating a trend reversal to the upside.

This was confirmed after the 4H close over $34,484 and from here the price of Bitcoin has been pumping. What seemed like a fake breakout and rejection off of the $37,560 resistance really was just a 1st touch of the level, meaning that the only untouched resistance from this point forward is $39,696.

My next targets moving forward are:
TP1 🎯 $36,327
TP2 🎯 $37,560
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Comments

Buyers have returned the trend line, but the price is rising uncertainly. Do you think buyers will be able to update the historical high??
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good analysis man!!
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Thanks for sharing your idea πŸ»β„οΈπŸ™πŸ˜ŠπŸ˜ƒ
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nice job! thank you for sharing
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