Further Development

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Analyzing the current trading chart of BTC, I found that there is the upside breakout of the consolidation, which is strong sign for further upside.

My advice is to watch for buying opportunities on the pullbacks with the upside target at $19,000 (Fibonacci Expansion 100%).

Additionally, there is the breakout of the inside day formation, which is another sign of the upside continuation.

Key Levels:

Resistance: $49,000

Support levels: $37,800

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

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