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Bitcoin (BTC) Price Update: Breakout / Breakdown Price Target!? by devytan

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bitcoin · @devytan ·
$1.05
Bitcoin (BTC) Price Update: Breakout / Breakdown Price Target!?
Hi guys!

It seems like bitcoin is on everybody’s eyes right now and so far it hasn’t close above $10,800. So here are my thoughts on bitcoin for today.

## BTC - Daily Chart
Tools used: Fib-Channel, Ichimoku Cloud, Stochastic RSI and Trendlines
![04CECBB1-6069-4B09-B0D4-87D3AD7D7017.png](https://steemitimages.com/DQmTL4qhq8cdeSfWXsJuE3wDJhFeb2Y8qUzTWALDsmwkWbM/04CECBB1-6069-4B09-B0D4-87D3AD7D7017.png)
There seems to be a lot of resistance around $10,800 price area. The price went over $10,800 but quickly pulled back down afterwards but so far hasn’t close above $10,800 on daily chart.

## BTC - 4 Hour Chart
Tools used: Fib Retracement and Trend-Based Fib Extension
![A59A3B19-2F52-462C-A49E-62468FCE3B5A.png](https://steemitimages.com/DQmbnw7MPHzEJPdxTyo8WGECqPioYV64qg4pnfvkKuuNZBJ/A59A3B19-2F52-462C-A49E-62468FCE3B5A.png)
Here’s a rough idea on price target if you’re going to trade on this possible breakout / breakdown.

## Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
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@mahdihawkeye ·
$0.02
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@devytan · 
Thank you sir!
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@mahdihawkeye ·
$0.02
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