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Bitcoin rallied today and now it stands at $61,094 below $61,788 all-time high. The price has invalidated a corrective phase, so it could resume its major upwards movement.
The outlook is bullish, BTC/USD could approach and reach new historical highs. The rate seems determined to jump higher after failing to reach and retest the uptrend line.
BTC/USD has decreased a little but it has failed to retest the uptrend line signaling strong buyers in the short term. It's traded above $60,100 static resistance and now it challenges the first warning line (WL1).
A valid breakout through WL1 could bring a breakout above $61,788 historical high as well. The price could target the R2 ($64,674) and the red upside line if it ignores the immediate obstacles.
It's risky to buy BTC/USD as long as it stays below the warning line (WL1). That's why we need confirmation before going long.
Jumping and closing above WL1, $61,788, and beyond the weekly R1 ($62,335) may offer us a new buying opportunity with a potential target at Falling Wedge's upside line, resistance.
¡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.
