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Bitcoin Bullish State

Long
BITFINEX:BTCUSD   Bitcoin
It seems Bitcoin is holding good after a comparatively longer time correction. An uptrend is already started and it is showing some progress in the last month and in consolidation for the past 10 days. If the daily chart closes above the 23.6% Fib level at 9328.7 USD we might see a good bull rally towards the next resistance levels at 11347.1 USD and 12978.5 USD levels with minor corrections in between. It is a good entry level since indicators are showing good things too.
Short Term Target
Target 1 : 11347.1 USD
Mid Term Target
Target 2 : 12978.5 USD

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