Bitcoin
Long

BTCUSD D1 LONG PRICE ACTION FORECAST

144
After experiencing a bearish force yesterday, that took the crypto to register new support at 8,914$ handle. The leading cryptocurrency was able to reclaim lost grounds and close within the rising channel formation.

Today trading above the closing level and expecting the price to close above the EMA clearing the path towards the long-expected 11,000$ level allows jumping in with a long setup

The order:
Type: buy-stop (above the EMA)
S/L: 703 pips - R:R | 1:2 -
T/P: aiming at the resistance level from the Fibonacci extension tool

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