Technical analytics

BTCUSD market technical outlook


Daily chart:

Bitcoin was ejected from the area of dynamic support 9147 (lower Bollinger band), that may send market to a new upward phase during flat inside lower Bollinger bands.

Thus if growth is somehow confirmed the target will be at middle Bollinger band (10351). 


Strong local resistance can be met by the market at middle Bollinger band (9794). Earlier lower Bollinger band was broken, therefore a new downward movement after testing of 9794 is highly likely.


On hourly chart we can see bulls’ prospects much more clear: we see a break of upper Bollinger band and active trending growth of ADX! This points to a probable upward momentum, besides resistance 9794 doesn’t look unbreakable. We expect bitcoin at 10000!


Growth in direction 10000!

Trading recommendations:

Longs towards 10000.


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