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Bitcoin has managed to jump and stabilize above the major downtrend line signaling and announcing a reversal. The price has managed to increase in the last months developing an uptrend.
BTC/USD is into a minor consolidation, sideways movement, it tries to accumulate more energy and to attract more buyers before resuming this swing higher. The next upside target is seen around $12,918 level, we had a former top, peak, at this level in the past.
Buy BTC/USD if the price climbs above $12,100 level, after passing above the former high, you can set your first upside target at the $13,000 psychological level. You should place your Stop Loss somewhere below $10,800 level, a drop below this level will invalidate further growth and will signal a potential larger drop.
Bitcoin is expected to jump way higher as long as it's trading above the uptrend line, so we may see the price above $12,918 - $13,000 area in the upcoming weeks.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
