BTC/USD (BITCOMP) will possibly reach the $40k resistance level as predicted
The trading signal provided should last 1-3 weeks with a potential upside of 7.54%
No major high-impact news on the USD this week so the price will likely remain calm
BTC/USD trading strategy
Buy/sell asset: Buy BTC/USD
Entry price: $3,7185
Stop loss: $3,6272
Leverage: 1x
Take profit 1: $3,8000
Take profit 2: $3,9000
Take profit 3: $4,0000
Timeframe: 1-3 weeks
Maximum profit: 7.5%
Maximum loss: 2.4%
BTC/USD chart and technical analysis
Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the $40k major resistance level.More By This Author:
