BTC For Breakout – BTC is trading between $3912.91 and $3598.99 from past 1 week. It has also formed a triangle chart pattern which might preview the reversal formation. Price has bounced off the triangle bottom and might be due for a test of resistance at the $4200. A breakout of this range will result in another attempt to break out of $4255. Global xchange.
Global X change. From the above chart, if the price breaks the $4255 resistance then the price might target to $5500, above which might go up to $5900. Short time traders can buy on a close above $4255.
The 100 same as above the longer term 200 SMA to signal that the path of least resistance is to the upside. Global Exchange. Price is also trading above both moving averages, which suggests that these could keep holding as dynamic support near the bottom.
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