Technical crypto analysis based on breakout – Buy BTC above $8,944.95

BTC –

Buy BTC above $8,944.95

Technical Observation

Instead of continuing long as I previously forecasted, BTC pulled back to the lower side and is currently rallying below the daily support line $8,944.95. This is a sign that sellers are encroaching this market, however, instead of going short immediately, I choose to remain flat and wait for a confirmation that the price will continue downwards towards $6.933.21. On the contrary, if the price should break again above $8,944.52, then Ill be good to long this crypto with my take profit at $11, 603.60. a rise above this take profit will push the price further upwards towards $11, 603.60.

Trade Signal.

Buy BTC above $8,944.95 towards $11,603.60.

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