Bitcoin looks set for a break higher. In the past 24 hours we’ve advanced by almost 1%, edging closer to the $427 breakout point. Litecoin is trading higher as well although it’s much further away from the top of its range. But let’s start with big brother and we’ll get back to LTC later on.
Bitcoin Poised for a Break Higher?
Everyone’s favorite cryptocurrency looks poised for a break higher. Today a high of $421.08 was hit on Fxopen, about $5 below the $426.24 swing point. As we noted last week, a decisive breakout above this level could start a new BTC rally.
Read More https://blog.fxopen.com/bitcoin-looks-set-for-breakout/