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22.10.202013:16 Forex Analysis & Reviews: BITCOIN Flirting With New Highs

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BTC/USD continued to increase as expected. I've told you in a previous analysis that Bitcoin should grow as long it stays above the uptrend line. The breakout above the temporary, minor downtrend line represented a great buying opportunity.

The price has passed above the former highs signaling strong buyers. Maybe you are wondering when we may have a buying opportunity again? BTC/USD is strongly bullish and it could increase further without making a short-term retreat, correction. But, a minor decrease towards $12,474 former high could bring a buying opportunity.

BTC/USD Trading Tips

Buy a consolidation, sideways movement above $12,474 or above $13,000 psychological level. A temporary decline will help us to buy it lower. The next major upside target is seen around $14,000 psychological level, around $13,868 level. Passing above these levels suggests that BTC/USD will approach the $15,000 level.

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