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BTC Bulls to Target $30,000 on UBS Acquisition of Credit Suisse Group

From fxempire.com

On Sunday, bitcoin (BTC) rose by 3.82%. Reversing a 1.60% fall from Saturday, BTC ended the week up by 26.54% to $27,943. BTC returned to the $28,000 handle for the first time since June 12. Notably, BTC’s gains came at the expense of Credit Suisse Group (CS), which ended the week down 26.10%. Range-bound throughout the morning, BTC slipped to an early low of $26,838 before making a move. Steering clear of the First Major Support Level (S1) at $26,434, BTC surged to a late high of $28,342. BTC broke through the First Major Resistance Level (R1) at $27,508 and briefly through the Second Major Resistance Level (S2) at ... (full story)

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  • Category: Technical Analysis