Technical
analysis:
BTC/USD
has been trading upside as I expected and the price has reached the
first upside objective at the price of $20.450.
Anyway, I see potential for further upside movement due to the strong
upside momentum.
Trading
recommendation:
Due
to the strong upside pressure in the background and breakout of the
key multi-day
resistance
at the price of $20.473,
I see potential for further big growth.
Watch
for the potential buying opportunities on the intraday dips with the
upside objective at the price of $22.450
MACD
oscillator is showing fresh upside momentum, which is strong sign
that buyers are in control.
Key
support is set at the price of $20.470
The material has been provided by InstaForex Company – www.instaforex.com
