Bitcoin waiting for a rise?
Hi traders
BTC has recently reached to bottom of the rising channel.
If bull could take the market and price could break the blue trendline upwards (shown in image) , Entering a long position at an area Aroun 27600$ would be sensible.
If so, 31000$ area could be considered as your target.
Any breakout bellow 24500$ can be a sign of bearish market.
Note that this is just a guide to help you have a better vision and not any signal or offer.
Have a good day!
BTC has recently reached to bottom of the rising channel.
If bull could take the market and price could break the blue trendline upwards (shown in image) , Entering a long position at an area Aroun 27600$ would be sensible.
If so, 31000$ area could be considered as your target.
Any breakout bellow 24500$ can be a sign of bearish market.
Note that this is just a guide to help you have a better vision and not any signal or offer.
Have a good day!
Trade closed: target reached:
As I previously analyzed, the price has already reached near 31K and now it might be a good idea to close the position as the current key zone will probably push down the price.
