Crypto

BTC / USD Trading Idea: Technical Setup Goes Bullish Again

Bitcoin Bollinger Bands To Watch Out For

A further rebound in the RSI above 50% and a higher exit of BTC / USD from its Bollinger Bands will strengthen the bullish outlook.

The next major resistance to watch out for will be a reversal at around $ 43,000, a symbolic threshold of $ 50,000 and an April high of around $ 65,000.

If it falls below the Wednesday low, the optimistic forecast will be invalid. They will turn bearish if they fall below the support at $ 30,000.

Stop / Cancellation: USD 32,427

Target 1: $ 43,000

Problem 2: $ 50,000.

Target 3: $ 60,000

Risk / reward ratio:> 1

Follow the evolution of the Bitcoin (USD) price with IG.


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