Expected trading for weekend is between 5575.00 support and 6200.00 resistance
Bitcoin has recovered swiftly from 5200.00 level and traders took this as an opportunity to buy at much cheaper levels and as expected the strong bullish pushed the price to 6052.00 level / 76.4% FIB Extension.
Traders BGT at 5200.00 levels and ride the uptrend which could last way past the next network upgrade / Hard Fork.
Geopolitical risk is propping bitcoin price up as uncertainties in Europe and New Zealand and Catalonia.
Bitcoin now around 6052.00 / 76.4% FIB Extension.
Bitcoin try to test 6200.00 level supported by EMA50.
5575.00 level represents key condition to continue the expected rise towards 6200.00 level.
Breaching 6200.00 barrier and hold above it, will push the price to the next target at 6335.00 / 100% Full FIB Extension.
Breaking 5575.00 and hold below it, will cancel the expected rise.
for weekend is between 5575.00 support and 6200.00 resistance.
Expected trend for weekend: Bullish.