Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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= ELEMONT FX =
Analysis: - Bitcoin is still well and truly in an uptrend on the Daily chart - Look for a bullish reversal around support & the trendline between 7,000 – 7,500 for entry - Confirmation will see price head back up towards key fib levels
Targets 1. 11,300 (Double top resistance / 38.2% fib) 2. 13,000 (50% fib) 3. If it breaks and holds above 13,000 then blue sky ahead!