BTCUSD Longs ๐Ÿ“ˆ

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BTCUSD Looks like we have a long opportunity on our hands at the moment.

Firstly this pair has been trapped / consolidating between $41,500 and $30,750.

Since we have struggled to break support at $30,750 I do expect the pair to bounce back to the resistance of $41,500, as you can see inside our consolidation region we have a descending trend line which is at the brink of a breakout.

I've clearly highlighted a minor zone of resistance in the colour grey that has been broken and retested making a higher low and a bullish candle closure above my moving average.

From all of this I am quite confident that this pair can rocket to $41,500 and if we break & close above, I do expect the pair to reach $49,500.
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Beyond Technical AnalysisBTCUSDBTCUSDLONGSChart PatternsCryptocurrencyTrend Analysis

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