Moshin_GW

Is $BTC/USD uptrend continuing?

Long
BITSTAMP:BTCUSD   Bitcoin
BTC recently recovered $60,000, but it is a market price that is in competition between long and short players.

What I'm aware of right now is around $61,300. It has been resisted twice most recently. However, even if it is resisted, the lower price is strong, various moving averages and horizontal lines serve as support lines, it is in a good situation.

As for market psychology, it is a development that is easier to see above than below. It's very likely that you'll see a bouncing rise above $61,300. With the development aiming for $64,000 on the rising parallel channel midline as an immediate target point.

Bitcoin has become an environment that is even easier to raise due to the sale of dollars. Keep eyes out for this week's market.

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