BitcoinLong
BTCUSD - THE END- WHAT'S NEXT? 14-3-2020 - BULLISH FORMATION
BTCUSD
Bitcoin price broekn ATH of 58.5k!!!
Bitcoin has broken the ascending channel, currently 4 hours has found the support at previous resistance trend line of ascending channel!
The next target of bitcoin price is around 66.2k 1.5fib area ! The ascending channel breakout also suggesting the same price target!
Reasons to be bullish and further continuation
1) Daily RSI remain above 70, indication a very strong upward price section, heading to 85 RSI level in the coming days
2) 2 days MACD has flip green, indicating a very strong upward momentum
3) Resistance flipped into support - 59.2k - 59.4k level
4) Above all important moving average on daily TF
Price can retrace to 59.2k level, if daily holds above 58.5k - 59.2k level, very high chance we are heading to 64.3k - 66.2k area. The final target can be at 0.618 fib level at 68k.
Current price : USD 59668
Price section looking very bullish for bitcoin
Bitcoin price broekn ATH of 58.5k!!!
Bitcoin has broken the ascending channel, currently 4 hours has found the support at previous resistance trend line of ascending channel!
The next target of bitcoin price is around 66.2k 1.5fib area ! The ascending channel breakout also suggesting the same price target!
Reasons to be bullish and further continuation
1) Daily RSI remain above 70, indication a very strong upward price section, heading to 85 RSI level in the coming days
2) 2 days MACD has flip green, indicating a very strong upward momentum
3) Resistance flipped into support - 59.2k - 59.4k level
4) Above all important moving average on daily TF
Price can retrace to 59.2k level, if daily holds above 58.5k - 59.2k level, very high chance we are heading to 64.3k - 66.2k area. The final target can be at 0.618 fib level at 68k.
Current price : USD 59668
Price section looking very bullish for bitcoin
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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.