Most likely, Bitcoin will grow to $ 8100 - 8200 momentum.
After that, buyers will fix the price above the trend resistance (red long) and the growth will continue to $ 8400 - 8500.
Reasons:
The CCI indicator shows a breakthrough of -100.
Price between Moving Averages.
Price broke the resistance trend (short red).
But if the price drops below $ 8000 and touches $ 8070 a couple of times, then the price drops to 32% on the Fibo grid ($ 7900).
After that, buyers will fix the price above the trend resistance (red long) and the growth will continue to $ 8400 - 8500.
Reasons:
The CCI indicator shows a breakthrough of -100.
Price between Moving Averages.
Price broke the resistance trend (short red).
But if the price drops below $ 8000 and touches $ 8070 a couple of times, then the price drops to 32% on the Fibo grid ($ 7900).
Note
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.
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.