FX.co ★ Bitcoin analysis for May, 28.2019

BTC has been trading sideways at the price of $8.760. The price tested the level of $8.473 as we planned and provided us a good buy opportunity.

White rectangle – horizonal support

Red horizontal line – projected target

Ascending triangle is active on the BTC and we expect more upside. Price did went to test the middle of the Bolinger band, which is is support for further upside. Additionally, there is the bullish flag intraday in creation, which is another sign of the strength. Support level is seen at the price of $8.310. Resistance is seen at the price of $9.563. Watch for buying opportunities.