Three Reasons to Buy Bitcoin

In this technical analysis I will show you why this is a good moment to buy bitcoin. All the information can be found on the chart, but here is a small summary:

- Breakout through the resistance! A very bullish signal. We can expect this horizontal zone to turn into support later in case any downturn would happen. That's what makes this a relatively safe entry point.

- A 15% upwards potential. We see a big distance to the next horizontal zone while the stop loss directly underneath the support keeps us safe. This trade should give us a risk reward of about 2.5

- Overall bullish trend. Every trade should start with a positive bias since the likelihood of btc going up is just been so high recently given the massive uptrend.


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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!