VantageMarkets

Bitcoin to continue rally?

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VANTAGE:BTCUSD   Bitcoin
Bitcoin - 24h expiry - We look to Buy a break of 25222 (stop at 24622)

The bullish engulfing candle on the daily chart is positive for sentiment.
Posted a Double Top formation.
25200 has been pivotal.
A break of bespoke resistance at 25200, and the move higher is already underway.
Overnight prices dipped through the 23833 support but have rejected this move and remain supported going into this mornings European open.

Our profit targets will be 26722 and 26922

Resistance: 24500 / 25200 / 26000
Support: 24200 / 23570 / 23330

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