From 6805 $ to --------> 9585 USD
- BTC/USD are trading at 6981 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $129 726 778 109. Moving averages indicate the presence of a short-term bearish trend for bitcoin. Prices again push off from the area between the signal lines, indicating a potential drop from current levels and pressure from sellers.
BTC/USD on January 3 2020 - implies an attempt to test the support level near the area 6805. And then, the cryptocurrency will continue to grow with a potential target at 9585. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 6025 area. This will indicate a continued decline with a potential target below the 5405 area.
I want to mention that this is NOT A FINANCIAL ADVICE, just a EDUCATIONAL analysis.
- BTC/USD are trading at 6981 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $129 726 778 109. Moving averages indicate the presence of a short-term bearish trend for bitcoin. Prices again push off from the area between the signal lines, indicating a potential drop from current levels and pressure from sellers.
BTC/USD on January 3 2020 - implies an attempt to test the support level near the area 6805. And then, the cryptocurrency will continue to grow with a potential target at 9585. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 6025 area. This will indicate a continued decline with a potential target below the 5405 area.
I want to mention that this is NOT A FINANCIAL ADVICE, just a EDUCATIONAL analysis.
Trade active:
Results: After some hours, we see a big pump from 6805$ to 7331.12 $, this can influence Bitcoin to reach above 9000 $ easily. This is a good move!
Trade closed: target reached
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