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FX.co ★ Bitcoin analysis for February 11, 2019

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Crypto Analysis:::2019-02-11T15:35:07

Bitcoin analysis for February 11, 2019

Bitcoin analysis for February 11, 2019

Bitcoin spiked higher and tested the price of $3.763. Our profit target at $3.543 has been reached. Anyway, after the spike I found a sideways regime, which usually happens after the climatic activity. Symmetrical triangle is building and you should pay attention for the potential breakout of support or resistance trendline.

Trading recommendation:

Scenario 1 : Bitcoin breaks the resistance trendline $3.685 and test $3.763

Scenario 2 : Bitcoin breaks the support trendline $3.640 and test $3.595.

Analyst InstaForex
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