BTC is on its resistance area. As long as the candle sticks are above the line A and has not break the line A to the right of it, two targets for bitcoin will be reachable. first possible reaction zone and also target is 40000 and second possible reaction zone is 47500.
If line A breaks, targets may fail and the chart will need reanalysis.
Note: If the RSI line remains under the value 50 it may probably breaks the line A but if it comes up above the 50 price will moves up toward 47000.
If line A breaks, targets may fail and the chart will need reanalysis.
Note: If the RSI line remains under the value 50 it may probably breaks the line A but if it comes up above the 50 price will moves up toward 47000.
Comment:
The first target is reached.
Trade closed: target reached:
The second target in our analysis is reached.