Bitcoin is growing in price. Volume analysis shows a set of positions by buyers at Bitcoin correction (green ovals on the chart). Bitcoin resistance level is near the $ 8758 - $ 8800 zone, and the nearest support level is $ 8400.
Priority of the day: buy BTCUSD with a short target of $ 8758.
While the inclined support line (blue line on the graph) of Bitcoin rate is not broken, it is better to be on the side of bulls.
Projected scenarios:
1. Buy BTCUSD from $ 8,400 to $ 8,758.
2. Possible flat in the zone: $ 8500 - $ 8400.
An alternative scenario:
It is better to think about Bitcoin sales after $ 8200 when the sellers’ initiative will be visible. Today we are counting on the strength of bulls.
Priority of the day: buy BTCUSD with a short target of $ 8758.
While the inclined support line (blue line on the graph) of Bitcoin rate is not broken, it is better to be on the side of bulls.
Projected scenarios:
1. Buy BTCUSD from $ 8,400 to $ 8,758.
2. Possible flat in the zone: $ 8500 - $ 8400.
An alternative scenario:
It is better to think about Bitcoin sales after $ 8200 when the sellers’ initiative will be visible. Today we are counting on the strength of bulls.