Bitcoin (BTC) is coming out of its downward flat pattern. It has completed its A-B-C pattern. As per the flat pattern it did not break its support of $5900. BTC sharply bounce back sharply from its support level.
It has also broken its resistance of $8120. The best part about the breakout is that it was supported with great increase in volume which is a very good signal. The first target would be $9450 and then $11600 with a stop loss of $5900.
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