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

A Channel Up pattern was identified on BTCUSD at 122896.71, creating an expectation that it may move to the resistance line at 127154.6889. It may break through that line and continue the bullish trend or it may reverse from that line.

Supported by Upward sloping Moving Average

Target: 127154.6889 Entry: 122896.71 Stop: 118272.83

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