BTCUSD Overview

Updated

Market started to recover, BTC followed optimistic scenario and grew. It is above the Fib 0.786 resistance level. There are two reasons: many fundamental good news which brought significant volume back and finishing of annual January crisis. However the price is still in the Triangle. BTC will grow till new ATH only when it breaks the Triangle upward. We forecast that it will happen in the following month before this happens we may see another correction wave as there is a rising wedge possible formation. Hold your Bitcoin till the end of March

Note

Broke out of the triangle and moved above Fib 0.618

Trade closed: target reached

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