Bitcoin performance this January is just impressive with up to 25% daily volatility. In the following weeks I'm expecting BTCUSD to rise back to 1050 dynamic resistance, this outlook would remain relevant until bitcoin hold above 800 level.
Intraday Bitcoin is trading in the ascending channel.
First support at 870.
Short-term resistanse levels at 920 and 950.
First support at 870.
Short-term resistanse levels at 920 and 950.
Trade active:
Bitcoin has reached the 1.000 mark. There's an opportunity of the impulse quick jump to the updated target 1.060 once we see BTCUSD rising above the psychological level.
Trade closed: target reached:
Bitcoin has tested 1.050 mark. Nice +40% move in just under 3 weeks period.
Comment:
There's a potential to adding to a long position at 870 test.