As you can see from the chart, BTC has been broken out of its previous long term downtrend. It is now within a rising channel with a completed EW wave. RSI is also showing overbought. Regardless, the completed EW gives bulls momentum. We will stay bullish as long as we are able to hold above the 8.7 USD support. Looking for a target of 10.2 USD and hold. Hopefully BTC will be testing these resistances soon!
Comment what you think,
CD
Comment what you think,
CD