BTCUSD $17,200 Target

Bitcoin is continuing to advance to fresh multi-year highs, with the number one cryptocurrency closing in on three-year trading high. BTCUSD bulls next major upside target past $17,000 is likely to be $17,200 level, which is a key swing high for late-2017. To the downside, the $17,490 level is likely to act as former resistance now turned key support on any meaningful pullbacks.

The BTCUSD pair is only bullish while trading above the $16,100 level, key resistance is found at the $17,200 and the $17,800 levels.

If the BTCUSD pair trades below the $16,100 level, sellers may test the $15,900 and $15,700 levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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