BTC has been trading upwards and there is the breakout of the horizontal trading range. My advice is to watch for buying opportunities. The projected upward target is set at the price of $12.000
Purple rectangle – important support
Gray rectangle – projected target
Red line – Upward most recent trend line
I found breakout of the ascending triangle on the H1 time-frame, which is sign that buyers are in control and you should watch for buying opportunities. MACD oscillator is in positive territory and the RSI and Stochastic are showing strong reading above 50 level. My bullish view will be negated if the BTC trades below $10.850. The projected upward target based on ascending triangle pattern is set at the price of $12.00.
