TradingRoomApp

Bitcoin - Short Term Range Forecast

BITFINEX:BTCUSD   Bitcoin
So BTC managed to hold 6500 area and 50 SMA for now. BTC managed to break downslopping trendline on upside. For now the Short term outlook is neutral with an upside potential to 8458, 8700, 8912, 9179 & ultimate target of 9300-9700 Area. On the Downside 7150, 7450 should offer Support. Only if we break outside out stated zone, we will see some action but for now for a week or two expect to play this area. What next, well lets first break from here

Twitter @tradingroomapp
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.