I will be brief. Less words - more deals)
In a nutshell, after 5 days of Bitcoin rally from about 6200 up to nearly 7600 price reached a zone with several resistance levels. So there is a good chance for a rebound. I'll look forward to take opportunity to buy at lower prices - 6650, 6850 7050. First preliminary target will be around 8500-8650 and 10k next. All this levels marked on chart so you can see ties with key points.
Last days several positive news for cryptocurrencies went out, so mood is bullish. But still look for bearish patterns as it is always anything is possible.
Stay tuned for updates and good luck!
In a nutshell, after 5 days of Bitcoin rally from about 6200 up to nearly 7600 price reached a zone with several resistance levels. So there is a good chance for a rebound. I'll look forward to take opportunity to buy at lower prices - 6650, 6850 7050. First preliminary target will be around 8500-8650 and 10k next. All this levels marked on chart so you can see ties with key points.
Last days several positive news for cryptocurrencies went out, so mood is bullish. But still look for bearish patterns as it is always anything is possible.
Stay tuned for updates and good luck!
Note
The confirmation is on 16min Chart.
Note
Bulls are so strong! All resistances have been broken through without significant rebound or consolidation. We are probably at the begining of new big bullish rally. So I suggest first possible target about 8500-8650 and then 10000 as you can see on my original chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.