Important things to look for now that Bitcoin clearly has a big breakout.
Bitcoin has tested the fib 161.80 which was the target, and got a long spike over. Bitcoin needs now to hold support over 4485$ in order to continue the upward trend, if this happens bitcoin will get support from the ribs and that will move the price higher.
MACD: Shows clear signs that the momentum from the buyer’s side will continue, some will probably call it fomo.
RSI : Still has more room to go on before it are in an a overbought market.
Target: 5200$ – 5500$ – 6200$
Key level: Go watch as support: 4485 – 4520
Im out on: 4100$
Panic support: 3650$ – 3700$