BTC/USD continued to increase as expected. I've told you in a previous analysis that Bitcoin should grow as long it stays above the uptrend line. The breakout above the temporary, minor downtrend line represented a great buying opportunity.
The price has passed above the former highs signaling strong buyers. Maybe you are wondering when we may have a buying opportunity again? BTC/USD is strongly bullish and it could increase further without making a short-term retreat, correction. But, a minor decrease towards $12,474 former high could bring a buying opportunity.
- BTC/USD Trading Tips
Buy a consolidation, sideways movement above $12,474 or above $13,000 psychological level. A temporary decline will help us to buy it lower. The next major upside target is seen around $14,000 psychological level, around $13,868 level. Passing above these levels suggests that BTC/USD will approach the $15,000 level.
