EliteFxAcademy

Bitcoin might go long but for how long ...

BITFINEX:BTCUSD   Bitcoin
Bitcoin fell down yesterday very strong, which might be a good reason for continuation for reverse. This might be a good sign for continuation, but after all we have to appreatiate media hype, so we are heded to FIRST and SECOND targets first to decide wether buy will continue or crash again.

From the moment when market fell down on sunday, bitcoin left its new unfulfilled futures gap. As expected, we can say this gap might gap fulfilled first, before possible crash afterwards.

If momentum and expected second target will base new support level then we can expect also third target up to 11k or even to 12k (hard to hit)

Short term target:
T1: 9500$
T2: 10 000$ (Possible return expected)
T3: 10500$

Wish you good trading,

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