Bitcoin: Profitable Trade and 25 000$ as Target for Buyers
The price bounced from 22 300$ and broke the local downtrend line. It gave us a buying opportunity in the direction of the main trend. You can see the long trade which I described yesterday. The trade gives profit, and we can move stop orders to the breakeven and fix the part of the profit.
RSI and MACD are supporting the upward movement. If the price breaks 23 750$, the buyers will try to reach 24 000$ and even 25 000$. I think, if we have enough active buyers, they will be able to push the price to 25 000$ in the structure of this upward movement. What do you think?
If the price bounces from 23 750$ and 24 000$ resistance, we should be ready to see a downward movement toward 22 300$ again.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RSI and MACD are supporting the upward movement. If the price breaks 23 750$, the buyers will try to reach 24 000$ and even 25 000$. I think, if we have enough active buyers, they will be able to push the price to 25 000$ in the structure of this upward movement. What do you think?
If the price bounces from 23 750$ and 24 000$ resistance, we should be ready to see a downward movement toward 22 300$ again.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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