According to the H1 time frame, I found that the BTC had broken through the supply trendline in the background, which is a sign that buyers are in control. I also found that the price was trading inside the upward channel, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of $4.360.
$4.133 – Intraday resistance
$3.730– Intraday support
$4.360 – Objective target
With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.
The material has been provided by InstaForex Company - www.instaforex.com