FX.co ★ Bitcoin analysis for February 20, 2019

BTC has been trading sideways at the price of $4.013. The momentum is still bullish and there are no signs of a reversal yet.

We found a potential end of the downward correction (running flat abc), which is a sign that buyers may resume the uptrend. Intrarday resistance is set at $4.031 and intraday support at $3.900.

Trading recommendation: We are still neutral on BTC but you can buy aggressively from $4.000 with protective stop at $3.900. Profit targets are set at $4.195 and $4.360.