Bitcoin posts morning star reversal on hourly. We look to Buy at 40604 (stop at 39888)
Bitcoin - Intraday - We look to Buy at 40604 (stop at 39888)
With signals for sentiment at oversold extremes, the dip could not be extended. 41517 has been pivotal. Offers ample risk/reward to buy at the market. Bullish divergence is expected to support prices. We continue to expect further losses to be limited and look to set longs for a further drive higher within the channel.
Our profit targets will be 42636 and 43536
Resistance: 41500 / 42300 / 42800
Support: 40500 / 40000 / 39000
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