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kyer
Feb 7, 2021 8:10 PM

BTCUSD $41,337 Next Long Target 

Bitcoin / U.S. dollarBitstamp

Description

BTC has reversed off of $30,838 after it formed a triple bottom. The first signs of the breakout was the fake one where it got rejected off of the $37,560 level. After that, BTC came back down and created a higher low as well as it regained the uptrend going long.

From here, BTC looks like its dumping back down and people are taking a bit of profits, but should hold this trend going long towards 40k and beyond.

After BTC reverses back up to the topside, my next long targets are:

TP1 🎯 $39,696
TP2 🎯 $41,337
Comments
DotcomJack
Excellent read Kyer, thank you!
ForecastCity_World
Good work 👏👍
kyer
@ForecastCity_World, Thank you!!
abel11
great technical setups today, well done!
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