Buy BTC towards $9,683.50

Technical Observation

Upon bouncing from the daily support line $6,969.17, BTC has been trading on the higher ranges but is now approaching a short term resistance line $8,094.15. Today, I expect a surge upwards and should break above this line towards the next key line $8,752.50, with the last take profit being $9,683.50. If this last one is again broken, then the price could be headed towards last years highest high $19,000. As it is, only buy positions are recommended, but should price break below $6,969.12, then expect a surge lower.

Trade Signal

Buy BTC towards $9,683.50

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