HaiPhamFX

BTC/USD - Target $11,706

Long
HaiPhamFX Updated   
BITFINEX:BTCUSD   Bitcoin
Bitcoin bulls continued to dominate. The 9,156.4 level - now recast as support - plays an important role given a retracement to get there. The next resistance area is defined around 11,706 (Feb 20 peak, Mar 5 high). We watch for pullback setups to enter long. Alternatively, a breakout failure may re-target the support threshold at 7,820.1.
Comment:
BTC/USD is pushing higher. The 11,706 level remains on the radar.

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