Cabana Capitals Blog Technical Analysis BTCUSD approaching resistance level

BTCUSD approaching resistance level

BTCUSD approaching resistance level post thumbnail image

BTCUSD is heading towards 72987.0625 and could reach this point within the next 10 hours. 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 Upward sloping Moving Average

Target: 72987.0625 Entry: 72624.79 Stop: 72330.6423

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