Bitcoin is moving greatly to the upside as we expected.
Last week bitcoin price was trapped within consolidation and we expected a great push above the top levels but it happened this week.
Bitcoin has hit the anticipated $12,000 and is still moving to the upside. We expect it to move to the next target of $12,824.
What we expect to see is a movement to the upside but there should be a pullback to the previous resistant which is $11,988 before a continuation to the present target.
Also, don’t forget to ensure that the MACD cross is still in place before placing your entry.
Looking at the technical indicators:
- Major Support Level – $11,465
- Major Resistance Level – $11,987
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