Bitcoin rose to the challenge and recovered 1,814.00 points following its latest pulled back.
|Bitcoin rose to the challenge and recovered 1,814.00 points following its latest pulled back.
Bitcoin rose to the challenge after completing its final stage of the latest pulled-back as per my forecast and recovered about 1,814.00 points, 50% of the total value.
Bitcoin - Bulls took control at the final stage of the pullback and bounced back at around the estimated price point at 10,144.00 which occurred on 27-06-2019. Bitcoin prices pierced through two predicted targets at 10,518.00, 10,951.00, and took out three more before resting just below 12,322.00, a strong barrier which was very active in the past.
Bitcoin must break and remain above 12,322.00 price point to continue to its next estimated target at 12,800.00. It could complete a full recovery if it breaks through13,415.00 and 13,762.00. Support awaits at around 11,878.00 and 11,415.00 in case it fails to hold above 12,332.00
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.