Bitcoin to 31 470
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The price of bitcoin is trading above the midpoint of the ascending channel which indicates a bullish momentum.
For as long as the price is above, look for 31 450 which will make it a retest.
Once broken this region will form a support and above this point look for 34 300 as a possible target.
For as long as the price is above, look for 31 450 which will make it a retest.
Once broken this region will form a support and above this point look for 34 300 as a possible target.
Note
Target has been reached. 34 300 is the next target. Wait for the price to go back to 31 470 for support before entering. My feel is that 34 470 will be easier as it is the ceiling of the ascending channel at which point if broken more gains will follow.
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