BTC/USD picks up bid inside a short-term symmetrical triangle. Sustained trading beyond key SMA, upbeat oscillators favor bulls. BTC/USD rises to $36,158, up 0.55% intraday, during early Wednesday’s trading. The famous cryptocurrency pair recently reversed from $35,654 while staying inside a symmetrical triangle established since January 04. Not only the recent recovery moves but the quote’s successful trading above 200-bar SMA amid upbeat RSI and MACD also suggest the quote’s further upside. As a result, BTC/USD buyers should keep their eyes on the triangle resistance, at $38,325 now, for fresh entry while targeting the latest record top near $42,000. It should, however, be noted that the $50,000 round-figure will lure the bulls past-$42,000. Meanwhile, a downside break of the stated triangle’s support, currently around $35,200, will trigger fresh declines to a 200-bar SMA level of $31,100. Though, any further weakness past-$31,100 may not hesitate to challenge the $30,000 threshold and monthly low near $27,780. BTC/USD four-hour chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next ECB is actively managing Eurozone bond yields, but doesn’t call it curve control FX Street 2 years BTC/USD picks up bid inside a short-term symmetrical triangle. Sustained trading beyond key SMA, upbeat oscillators favor bulls. BTC/USD rises to $36,158, up 0.55% intraday, during early Wednesday’s trading. The famous cryptocurrency pair recently reversed from $35,654 while staying inside a symmetrical triangle established since January 04. Not only the recent recovery moves but the quote's successful trading above 200-bar SMA amid upbeat RSI and MACD also suggest the quote’s further upside. As a result, BTC/USD buyers should keep their eyes on the triangle resistance, at $38,325 now, for fresh entry while targeting the latest record top near $42,000. It… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
