FXHighway

Bitcoin turns higher

Long
BITSTAMP:BTCUSD   Bitcoin
Target: 6300
Risk: 4990

Technical reasons:

Surpassing the main descending channel’s resistance pushes Bitcoin price to achieve gains on the short term basis, and moving inside the ascending channel supports the chances of continuing the bullish trend.

The next target at 6300.00, and consolidating above 4990.00 is important to continue the expected rise.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.