Bitcoin signals: Bitcoin escapes from a bearish channel and will go up to $ 14,500

In the latest forecast published the goal upwards from $ 6,800 to $ 10,150 came in 12 days, congratulations to those who entered.

Bitcoin seeks to escape the bearish trend (1) that kept it in decline since last December 19, after the wave of news of regulations and prohibitions of China, of South Korea and others, which produced a massive sale in the last two months. The price last week tried to break the bearish channel and was rejected.

There has been a "golden cross" between the short-term moving average and the medium-term one (2), which has allowed it to sustain the increase it has been experiencing for more than 22 days. Once the channel is broken with a rise of more than 4%, the price of Bitcoin goes to the area of ​​$ 14,500 in future sessions, in daily operations. It will test the resistance on 11,600 dollars, which is not very strong, producing an entrance of "bulls" in a market in which the "bears" have practically disappeared in their entirety, there are no sellers in the market. The cryptocurrency still has a lot of room to continue upwards, according to the relative strength indicator, as it is quoting in a market that has been maintained in recent days, with an inaccurate address.

Prices are referenced with the WEX.nz platform

Forecast date: March 1, 2018

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