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 heading towards 62584.5000 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 62584.5 Entry: 64284.22 Stop: 65006.6553

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