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FX.co ★ BTC 11.04.2019 -2-day balance in the focus, watch for breakout to confirm further direction

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Crypto Analysis:::2019-11-04T15:30:41

BTC 11.04.2019 -2-day balance in the focus, watch for breakout to confirm further direction

Bitcoin has been trading upwards in the past 24 hours. The price did test the level of $9.300 I found 2 important pivot points for the BTC.The 2-day high at the price of $9.420 and the 2-day low at the price of $8.920.

BTC 11.04.2019 -2-day balance in the focus, watch for breakout to confirm further direction

The successful breakout of the 2-day high at $9.420 may lead us for test of $9.920.

The successful breakout of the 2-day low may lead us for potential test of $8.600

MACD is showing positive reading above the zero

Bollinger band is headiing upside and the middle line at the price of $8.485 is providin support.

Analyst InstaForex
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