Daily Bitcoin Update - E05

Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!

The price of Bitcoin (BTC) managed to maintain the bullish momentum and moved past our local resistance a few hours ago. We did not see a breakout yet, as the price is moving steady and slowly. By printing a higher high, a short term uptrend is a more likely scenario now.
Our next resistance is located at the 7700.00 - 7800.00 level (green box). The price got rejected here a few times. We need some more volume to break this level. Monday is usually one of the most volatile days during the week when trading cryptocurrencies. Keep that in mind!

Major resistance is located at 8100.00 - 8200.00. We experienced a heavy drop in this area. A break above this level would confirm an overall bullish situation (daily, weekly) and possibly draw more potential buyers in. But that's pure speculation. We have the same probability of seeing a Double Top, Bearish Engulfing, Line Strike or whatever. This scenario will be traded step by step - so let's just see what happens there.

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Cheers,
cryptobuller

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thank you for 4000 likes by the way :-)

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The price managed to break through the resistance (green box) and is aiming for 8100.00, where we can expect retracement. I'll keep you updated!

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The price touched the resistance line at 8100.00. Let's wait for a reaction

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I have my buy orders set between 7550.00 and 7600.00 - good night everyone!

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Idea updated: