Cabana Capitals Blog Technical Analysis Should we expect a bullish trend on BTCUSD?

Should we expect a bullish trend on BTCUSD?

Should we expect a bullish trend on BTCUSD? post thumbnail image

The breakout of BTCUSD through the 63242.8594 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BTCUSD could test 65629.0547 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 65629.0547 Entry: 64272.89 Stop: 62745.9565

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