FX.co ★ Bitcoin analysis for May, 27.2019

BTC has been trading strongly upside. There was the breakout of the ascending triangle, which is good sign for further upside movement.

White lines – Ascending triangle (broken)

Yellow rectangle – Resistance level

Red horizontal line– Projected target for the Ascending triangle

The breakout of the Ascending triangle did confirm the strong bullish bias. You should watch for buying opportunities on the pullbacks. We might expect potential re-test of the broken resistance at $8.291 before new wave up. The projected target is set at the price of $9.563.