Further Development

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Analyzing the current trading chart of BTC. I found that our analysis from yesterday is doing good progress and that the upside breakout from symmetrical triangle was the main reason for the current rise.

I would advice you to still watch for buying opportunities on the dips with targets at $12,000 and $12,400.

The strong momentum kicked in and and the condition is very bullish….

Key Levels:

Resistance levels: $12,070 and $12,450

Support level: $11,400

The material has been provided by InstaForex Company – www.instaforex.com

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