An amazing opportunity to go long in bitcoin around current levels keeping a stoploss below $ 39500 on closing basis with first target of $ 60000 and second target of $80000.
Reason to Initiate Trade 1) After a 50% correction BTC made a Higher High on a daily chart. 2) After making a fresh higher high price has retraces 50% on Fibonacci 3) current Level price is on an important support level 4) There is also an important support of 200 EMA 5) An MACD crossover below 0 line on cards.