BITCOIN Valid Breakout? Buying Time?
The BTC broke its previous structure high at 9400 area with a very strong bullish bar that is considered a valid breakout. Then it bounced back and backtested the structure again. The recent bar is bullish and it means more buyers are going to step in and push the price up. In additions, the new buying orders are usually placed at key areas that give the more momentum to the price. I expect the price to go up at the next structure high at 10000 area, which acts as resistance.
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