Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on BTCUSD?

Should we expect a breakout or a rebound on BTCUSD?

Should we expect a breakout or a rebound on BTCUSD? post thumbnail image

BTCUSD is heading towards 86079.4688 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by RSI below 40

Target: 86079.4688 Entry: 84620.52 Stop: 84053.5334

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