Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on BTCUSD

Either a rebound or a breakout imminent on BTCUSD

Either a rebound or a breakout imminent on BTCUSD post thumbnail image

BTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 69017.8995 Entry: 67734.49 Stop: 65840.58

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