Bitcoin
Long

BTC Daily Chart - Coinbase

63
In a previous idea, I listed the expected targets if bitcoin broke the current low.

In this idea, I have analyzed if the opposite scenario were to happen, which is if BTC broke the most recent high of $4240.

My targets for this breakout are $4500, $4650, $4800, and $4925.

The strongest resistance is $4925. This is a 61.8% Fibonacci extension level. BTC should at least pullback at this level.

In conclusion, I would be a buyer if BTC breaks $4240. My stop loss would be $4100 (<4% loss).

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