BTCUSDT: Can Bitcoin Move Higher?
From the previous analysis now we can see more bullish developments on Bitcoin.
Price made a solid breakout from the "Bullish Flag" by confirming the expected bullish movement.
BTC increased by approximately 6% from 48,300 to the actual price to 51,100.
A very critical point that I am watching and that the price can move lower again is near 55,530. There we need to be careful as the price needs to take a decision ' Critical Arear 55,530"
If all goes well a break of the price above 55,530 would increase the chances for more upside with targets as below:
After the price will reach the top we need to analyze it again.
Targets:
55,530 critical price
58,670
64,300
Thank you and Good Luck!
Previous analysis:
Price made a solid breakout from the "Bullish Flag" by confirming the expected bullish movement.
BTC increased by approximately 6% from 48,300 to the actual price to 51,100.
A very critical point that I am watching and that the price can move lower again is near 55,530. There we need to be careful as the price needs to take a decision ' Critical Arear 55,530"
If all goes well a break of the price above 55,530 would increase the chances for more upside with targets as below:
After the price will reach the top we need to analyze it again.
Targets:
55,530 critical price
58,670
64,300
Thank you and Good Luck!
Previous analysis:
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