BTCUSD watch for potential breakout!
BTCUSD is approaching our first resistance at 7227.6 (Horizontal overlap resistance, 100% Fibonacci extension). Should price surpass this level, a strong rally might occur pushing price up to our second resistance at 8280.0 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 100% Fibonacci extension).
RSI (34) is also seeing a bullish exit along with a bullish divergence, which is a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
RSI (34) is also seeing a bullish exit along with a bullish divergence, which is a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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