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As expected, Bitcoin continued to rise in price, breaking the first local target which is $ 35,860.55.
It was the level of $ 34,708.27 who held out as support. And now, the target is $ 37,351.03, which is what BTC reached last week, when Elon Musk provoked the market. This area is notable for the fact that a breakout could occur somewhere, but there is also a chance that price will turn down here and go back to its price range earlier.
The behavior of Bitcoin in the triangle will provide a clearer outlook for the medium-term. In particular, a break above will enable the quotes to reach all-time highs in BTC / USD.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
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