Aurum Markets Blog Technical Analysis Important price line breached by BTCUSD

Important price line breached by BTCUSD

Important price line breached by BTCUSD post thumbnail image

BTCUSD is once again retesting a key horizontal resistance level at 106573.0313. It has tested this level 8 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 109867.4688 Entry: 107092.27 Stop: 105307.7701

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