Price may be setting to kick higher and target recent highs

Potential Buy Entry Alert to Watch BTCUSD

Time Frame : Hourly/Daily

BTCUSD – Bitcoin

Bitcoin has had a good rally on the back of all the global market volatility and we see the potential for this to continue. We expect to see no end to the trade war in sight and expect to see further downside as traders go risk off into shares. Watching for a higher low to build and price to hold above 11300 for the buy entry to play out. The daily chart is extended but the price could easily rally to new highs. Watching to see how this plays out.

Cryptocurrency : Bitcoin

Current Price : 11547

Status : On watch for potential higher low and push up through 12250