FX.co ★ Bitcoin Expected To Increase

BTC/USD has managed to jump above the black downtrend line signaling further growth. It has decreased a little but you should know that the outlook is bullish as long as Bitcoin stays above the uptrend line.

Only a drop below the uptrend line could invalidate an upside movement. The price has failed to come back to retest the broken downtrend line signaling strong buyers in the short term.

• BITCOIN Trading Tips

Buy BTC/USD if the price reaches again the $11,600 level. You can hide your Stop Loss below $10,500 and use as immediate upside targets the 12,061 and 12,474 levels.