Freepik

• BTC/USD (BITCOMP) will possibly reach the $40k resistance level as predicted
• The trading signal provided should last 1-3 weeks with a potential upside of 7.54%
• No major high-impact news on the USD this week so the price will likely remain calm

BTC/USD trading strategy 

• Buy/sell asset: Buy BTC/USD
• Entry price: $3,7185
• Stop loss: $3,6272
• Leverage: 1x
• Take profit 1: $3,8000
• Take profit 2: $3,9000
• Take profit 3: $4,0000
• Timeframe: 1-3 weeks
• Maximum profit: 7.5%
• Maximum loss: 2.4%

BTC/USD chart and technical analysis

Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the $40k major resistance level.

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