Technical crypto analysis based on breakout – Only buy BTC above $6,969.17

BTC –

Only buy BTC above $6,969.17

Technical Observation

BTC is currently trading with a neutral bias. Last trading day, BTC rose narrowly but is still below the daily resistance level $6,969.17. Unless there’s a clear breach above this line with a big green candle, I expect a bounce from this line ,$6,969.17, to short BTC with the first take profit at $5,460.75, and the next at $4,521.00. On the other side, should the price break above $6,969.17, then I’ll wait for a pullback to the just broken line to buy BTC with a ideal take profit at $11,299.08. On its way upwards, the key lines to check for include $9,683.50 and $10,727.55.

Trade Signal.

Only buy BTC above $6,969.17

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