Tickmill
Long

Bitcoin has made a bullish exit, prepare for a potential rise!

BITFINEX:BTCUSD   Bitcoin / Dollar

Bitcoin             has made a bullish exit from our long term descending resistance-turned-support line which is a strong signal that a rise could occur from here. Our first major support is at 8587 (breakout level) and our next major resistance is at 9848 ( Fibonacci retracement , horizontal pullback resistance).

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
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