05 Jun 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Solid bullish breakout from approx $7382.
- Testing 200MA resistance for the past 6HRs.
- Average resistance at approx $7611.
- 50MA provides temp support at approx $7583 (time of writing).
- Indicators steady.
- Volume confirms current move.
- Models suggest that another push higher is quite possible.
Possible Scenarios:
Long: On a confirmed break above $7664 – Price Target $7811 | Probability: 38% | Signal Strength: 4/5
Neutral: Price Range $7558 - $7664
Short: On a confirmed break below $7558 – Price Target $7419 | Probability: 32% | Signal Strength: 2/5
Our Stance: Tight longs.