[ad_1]
Bitcoin is starting to show concrete signs of rebound since yesterday morning, crypto-currency has progressed significantly.
Several positive signals can indeed be spotted for about 24 hours:
* Break above the downtrend line visible since 20/11
* Break above the MM100h ($ 3978)
* Break above the $ 4000 psychological threshold
* Break above the $ 4150-4200 resistance
* Break above the 200h moving average ($ 4200)
In order for the short-term upside bias to be maintained, the EUR / USD pair will need to maintain support of $ 4150-4200.
If the increase continues, the next potential targets are $ 4400, $ 4500, $ 4700 and $ 5000.
On the downside, a break below $ 4,150 would allow a return to $ 4,000, and eventually to support $ 3,700, before the psychological threshold of $ 3,000.
Currently, Bitcoin is moving around $ 4250
BTC / USD H1 Chart
Copyright (c) 2018 ProfessorForex.com. All rights reserved.
Source link
