empty
 
 
25.06.2019 09:02 PM
Bitcoin analysis for June 25,.2019

BTC has been trading upwards and there is the breakout of the horizontal trading range. My advice is to watch for buying opportunities. The projected upward target is set at the price of $12.000

This image is no longer relevant

Purple rectangle – important support

Gray rectangle – projected target

Red line – Upward most recent trend line

I found breakout of the ascending triangle on the H1 time-frame, which is sign that buyers are in control and you should watch for buying opportunities. MACD oscillator is in positive territory and the RSI and Stochastic are showing strong reading above 50 level. My bullish view will be negated if the BTC trades below $10.850. The projected upward target based on ascending triangle pattern is set at the price of $12.00.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback