BITCOIN Knocking on 30k door and targeting 40000 if it breaks
Bitcoin / BTCUSD crossed and closed yesterday not only over the 1day MA50 for the first time since May 6th but also the Falling Resistance coming staight from the April 14th High.
That is a major bullish break out signal, similar in magnitude with those of January and March. Their rallies completed a +54.50% and +58.00% rise. That is +3% difference.
Adding +3% at 58.00% gives us a potential +61.00% rise that goes straight to the 40k Resistance, which is the High of May 4th.
Is is bye bye 30k, hello 40k from now on?
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That is a major bullish break out signal, similar in magnitude with those of January and March. Their rallies completed a +54.50% and +58.00% rise. That is +3% difference.
Adding +3% at 58.00% gives us a potential +61.00% rise that goes straight to the 40k Resistance, which is the High of May 4th.
Is is bye bye 30k, hello 40k from now on?
Follow us, like the idea and leave a comment below!!
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