BTC/USD is trading higher at 10,666 but it seems undecided in the short term. A valid breakout above the black downtrend line signal upside continuation. The rate failed to reach the trendline or the $10,000 psychological level in the last attempts. This is why we have to wait for a fresh trading signal.
- Bitcoin Trading Tips
Breaking above the downtrend line and above the $11,179.90 former high suggests buying as the rate could climb towards the $12,485 former high.
A drop and consolidation below $10,000 psychological level suggest selling as the price is expected to return to the $9000 level.The material has been provided by InstaForex Company - www.instaforex.com