Bitcoin (BTC) Price Update: Breakout / Breakdown Price Target!?

Hi guys!

It seems like bitcoin is on everybody’s eyes right now and so far it hasn’t close above $10,800. So here are my thoughts on bitcoin for today.

BTC - Daily Chart

Tools used: Fib-Channel, Ichimoku Cloud, Stochastic RSI and Trendlines

There seems to be a lot of resistance around $10,800 price area. The price went over $10,800 but quickly pulled back down afterwards but so far hasn’t close above $10,800 on daily chart.

BTC - 4 Hour Chart

Tools used: Fib Retracement and Trend-Based Fib Extension

Here’s a rough idea on price target if you’re going to trade on this possible breakout / breakdown.

Disclaimer

You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!