The Bitcoin rate is easily fixed above the mark of 10,000 USD and is now trading at a price of 11,300. At the same time, data from Google Trends search analytics show that the number of search queries for the word “bitcoin” has increased again to its maximum value in the last month, which indicates a new wave of interest in the first world cryptocurrency, and the influx of new players into the market will certainly support the course in the future.
Bitcoin (BTC) buy signal:
Bitcoin buyers did not “sit out” and decided to continue the growth of cryptocurrency. At the moment, while trade is conducted above 11,000, the target of the bulls will be at a maximum of 11,500, and its breakthrough will lead to an update of 12,000 USD and 12,400 USD.
Bitcoin Sales Signal (BTC)
To sell bitcoin in the current conditions is extremely dangerous. Only an unsuccessful consolidation above 11,540 will be a signal to short positions in order to return to support 11,000, however more optimal levels for sale are seen in the region of 12,000 USD and 12,400.
The material has been provided by InstaForex Company – www.instaforex.com