Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on BTCUSD?

Should we expect a breakout or a rebound on BTCUSD?

Should we expect a breakout or a rebound on BTCUSD? post thumbnail image

BTCUSD is moving towards a key resistance level at 68959.4531. BTCUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Supported by Upward sloping Moving Average

Target: 68959.4531 Entry: 68159.53 Stop: 67743.9736

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