Cabana Capitals Blog Technical Analysis Possible start of a bullish trend on BTCUSD

Possible start of a bullish trend on BTCUSD

Possible start of a bullish trend on BTCUSD post thumbnail image

BTCUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 70421.1484 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 70421.1484 Entry: 68725.93 Stop: 68101.7203

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