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Bitcoin hits the next target of 86,500/600 [Video]

Bitcoin hits the next target of 86,500/600 [Video]
Jason SenJason SenDayTradeIdeas.co.uk

Bitcoin has shot higher, after the breakout of another bullish pattern.

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The break above the upper descending trend line of the five-week bull flag at $78,500 triggered the buy signal as expected.

Holding above Fibonacci support at 84000,83800 keeps bulls in control.

Next targets are 86500/600 (hit overnight), 88800 (500-day moving average) & eventually 92000.

BTC

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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