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04.11.201917:30 Forex Analysis & Reviews: BTC 11.04.2019 -2-day balance in the focus, watch for breakout to confirm further direction

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Bitcoin has been trading upwards in the past 24 hours. The price did test the level of $9.300 I found 2 important pivot points for the BTC.The 2-day high at the price of $9.420 and the 2-day low at the price of $8.920.

Exchange Rates 04.11.2019 analysis

The successful breakout of the 2-day high at $9.420 may lead us for test of $9.920.

The successful breakout of the 2-day low may lead us for potential test of $8.600

MACD is showing positive reading above the zero

Bollinger band is headiing upside and the middle line at the price of $8.485 is providin support.

Petar Jacimovic
Analytical expert of InstaForex
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