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DeejaiRiangkrul

Bitcoin (BTC/USDT) Broke The Downtrend

Long
Bitcoin / Tether (BITTREX:BTCUSDT)  
DeejaiRiangkrul  
BITTREX:BTCUSDT   Bitcoin / Tether
Trend Analysis Chart Patterns Technical Analysis Bitcoin (Cryptocurrency) Bullish Patterns Cryptocurrency cryptocurrencies
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trendanalysis chartpattern technicalanalysis bitcoin bullish cryptocurrency cryptocurrencies
After an inevitable correction from the all time high in the area of 19800's (on Bittrex), Bitcoin was able to break the down trend resistance line (signaled in red), right on the beginning of Christmas Day. A new trending support line from the 12000 has formed (blue line), which will allow us to re-test the all time high once again. If Bitcoin is able to break the resistance line at the previous ATH, next short term target is 22300.

First Target: Previous All-Time-High (19800-20000)
Second Target: 22300

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