Next target for BITCOIN? Price action trading

13 בדצמ׳ 2017

After bitcoin 1.48% made new ATH 1.09% at around 17100 we observed a bullish flag continuation pattern that was completed and retested. The first target is the height of the flag pole which is at approximately at the 20000 price level which is also a psychological resistance level (Round number). We also have a confluence with the 1.618 Fibonacci extension level that makes the 20000 price level even stronger. 2nd target would be around the 25000 price area at around Fibo 2.618 extension level.