VasilyTrader

BITCOIN (BTCUSD) Bulls Are Back?!

Long
BITSTAMP:BTCUSD   Bitcoin

bitcoin is stuck on a key daily horizontal structure for more than 10 days.
the price is coiling within a wide horizontal trading range on 4h.

at the moment the price is testing its upper boundary one more time.
IF bulls manage to break and close above that on 4H it will be a strong bullish signal for us.

next goal will be 11100 level.

if the resistance will be respected,
consolidation will most likely continue,
then it will be the bears' turn for a breakout attempt.

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