Technical crypto analysis based on breakout – Buy BTC above $8,302.81


Buy BTC above $8,302.81

Technical Observation

On 19th of this month, BTC retraced slightly to the lower side, got supported by the hourly support line $8,049.11 before taking off to the upper side, this is precisely as I forecasted. My pending buy limit order previously set at $8, 049.00 was triggered and take profit set at $8,302.81 was also triggered. Now, I’m patiently waiting for a break above $8,302.81 to confirm a rally to the upper side. On its way upwards, the main lines to watch for potential reversals other than $8,302.81 include $9,871.00, $9,214.21, $10, 092.01 and $13,0000.00.

Trade Signal:

Buy BTC above $8,302.81 with your take profit at $13,000.00

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