Bitcoin is recovering and preparing to test 66,500 USD
Bitcoin gained support after positive news on the conflict between the US and Iran, but the rise remains fragile for now. A breakout above the 66,500 USD level will open the way to 70,400 USD.
Technical outlook
Last week, on the H4 chart, BTCUSD quotes attempted to break above the 64,000 USD resistance level several times, and it was only over the weekend that they were able to overcome this level, driven by positive news from the Middle East.
The first important signal for BTCUSD will be a breakout above the 66,500 USD resistance level.
Read more - BTCUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
Bitcoin gained support after positive news on the conflict between the US and Iran, but the rise remains fragile for now. A breakout above the 66,500 USD level will open the way to 70,400 USD.
Technical outlook
Last week, on the H4 chart, BTCUSD quotes attempted to break above the 64,000 USD resistance level several times, and it was only over the weekend that they were able to overcome this level, driven by positive news from the Middle East.
The first important signal for BTCUSD will be a breakout above the 66,500 USD resistance level.
Read more - BTCUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team