Aurum Markets Blog Technical Analysis BTCUSD – psychological price line breached

BTCUSD – psychological price line breached

BTCUSD – psychological price line breached post thumbnail image

BTCUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 122911.6094 within the next 23 hours.

Supported by Upward sloping Moving Average

Target: 122911.6094 Entry: 120806.74 Stop: 118195.9548

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