Receive all Cointelegraph news immediately in Telegram.
Short-term upward trend is continuing. A major part of that trend has been already worked out.
The short-term upward trend is continuing. A major part of bitcoin price trend has already been worked out.
As was suggested earlier, the impossibility of a fortification at $417.5 has provoked a rebound towards the next resistance line and a turn to an upward trend
As long as the trend’s structure stays intact, the upward movement will continue to the next target.
It’s important to note a key level where that rebound is most likely to turn to decline. This lies at the resistance of $417.5. A rebound off it has just confirmed the importance of that level. If the Bulls do take the advantage at this level, there will be a chance for a turn to decline.
The $417.5 resistance is protecting the upward trend. The current dynamic will hold, until a turn forms at that level.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact:
Reset letter sent.
Please checkout your mailbox for password reset details