As expected, Bitcoin continued to rise in price, breaking the first local target which is $ 35,860.55.

It was the level of $ 34,708.27 who held out as support. And now, the target is $ 37,351.03, which is what BTC reached last week, when Elon Musk provoked the market. This area is notable for the fact that a breakout could occur somewhere, but there is also a chance that price will turn down here and go back to its price range earlier.

The behavior of Bitcoin in the triangle will provide a clearer outlook for the medium-term. In particular, a break above will enable the quotes to reach all-time highs in BTC / USD.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.