BTC/USD Technical Analysis 1/5/2020
After trading sideways for weeks, BTC is finally showing signs of a solid move to the upside.
See reverse head and shoulders pattern. 4HR, Daily, and Weekly chart are all looking like a big move to the upside is about to occur.
If price breaks the $8300 resistance level and the descending trendlines, we should see prices hit the $9500 - $10,500 range relatively fast. Likely in the next 7 days.
My targets are $10,500 & $11,750.
After trading sideways for weeks, BTC is finally showing signs of a solid move to the upside.
See reverse head and shoulders pattern. 4HR, Daily, and Weekly chart are all looking like a big move to the upside is about to occur.
If price breaks the $8300 resistance level and the descending trendlines, we should see prices hit the $9500 - $10,500 range relatively fast. Likely in the next 7 days.
My targets are $10,500 & $11,750.
