Buy BTC towards $6,846.30.

Technical Observation

BTC is currently trading with an increasing bullish momentum. Yesterday, BTC rallied a bit higher than I expected and is now above there Simple Moving Averages (14, 52,90). As I stated almost one month ago, while the price is contained above these three, I expect a rally to the upper side . On its way upwards, the key lines to check for possible rejection include $6,846.30, $7,325.0 and $7,707.00. If these lines are broken, then a rise towards last years highest high $19k is expected.

Trade Signal

Buy BTC towards $6,846.30.

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