Bitcoin rose to the challenge and recovered 1,814.00 points following its latest pulled back.

Denis Joeli Fatiaki Independent Analyst

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

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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