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Bitcoin has made a bullish exit, prepare for a potential rise!

Long
Bitcoin (BITFINEX:BTCUSD)  
Tickmill Broker  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns Bitcoin (Cryptocurrency) bitcoinshort bitcoinlong bitcoinidea BTCUSD btcusdidea btcusdshort btcusdlong forexsignals
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trendanalysis harmonicpatterns chartpattern bitcoin bitcoinshort bitcoinlong bitcoinidea btcusd btcusdidea btcusdshort btcusdlong forexsignals

Bitcoin has made a bullish exit from our long term descending resistance-turned-support line which is a strong signal that a rise could occur from here. Our first major support is at 8587 (breakout level) and our next major resistance is at 9848 (Fibonacci retracement, horizontal pullback resistance).

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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