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BTCUSD is moving within the 42989 –40626 range

BITSTAMP:BTCUSD   Bitcoin
BTCUSD is moving within the 42989 –40626 range

General outlook
BTCUSD has been trading in a bullish trend within the last day. The resistance level is now located at 47860

If the pair rebounds from the Support level, analysts recommend opening a Buy order with a Take Profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.

The Support level is now located at 42495 and 40538

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