View full page at cryptocraft.com

 

BTC: 30% upside after surging above key technical level, near-term momentum shifting positive

From markets.businessinsider.com

Bitcoin's more than 15% surge over this past weekend helped the popular cryptocurrency decisively clear its 50-day moving average, which represents a key technical resistance level that sets bitcoin up for more gains ahead. Technical analyst and founder of Fairlead Strategies Katie Stockton said in a note on Monday that bitcoin's recent rally could set it up for a surge to $51,000 if it clears another resistance hurdle around $43,000, representing potential upside of 32% from current levels. Stockton's $51,000 target for bitcoin was derived from fibonacci retracement levels. The big resistance levels bitcoin faces ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis