Bitcoin (BTC) brekt in oar ferset, wierskynlik in nije uptrend

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RESULTS

Kaai fersetssônes: $ 10,000, $ 11,000, $ 12,000
Key Support Sones: $ 7, 000, $ 6, 000, $ 5,000

BTC / USD Trend op lange termyn: Bullish
Today, the bulls have succeeded in breaking the first resistance at $8,200. It is likely to break the second resistance at $8,400. During the first bullish impulse, the bulls were resisted at $8,400. This caused Bitcoin to commence a sideways move for a week. Buyers are having the upper hand as they push through the resistance levels.

Now the $8,200 resistance has been broken. The bulls are capable of breaking the $8,400 if the momentum is applied. On the upside, if the $8,400 resistance is broken price will rally and reach the highs of $ $9,500 and $10,000. On the downside, if the bulls fail to break the $8,400 resistance, the coin will commence another sideways move.

Yndyske oantsjuttings foar lêzen fan kaart:
The market is above the overbought region of the daily stochastic. That is above 80% range indicating that Bitcoin is in bullish momentum. The 21-day SMA and the 50-day SMA are trending northward indicating that price is rising.

BTC / USD Foaroardielen op middellange termyn: Bullish
On the 4 hour chart, the price is making a series of higher highs and higher lows. On the chart, the bulls tested the resistance at $8,200 on four occasions. On the fifth time, the bulls break the resistance and are presently battling with the second resistance at $8,400.

4-oere grafyske yndikatoaren lêze
The Relative Strength Index (RSI) period 14 level 71 indicates that price has reached the overbought region of the market. This indicates that sellers may come in at the overbought region and resume selling. Bitcoin may retrace and test the support line to resume upward. However, a break below the support line will result in downtrend resumption.

Algemiene Outlook foar Bitcoin (BTC)
Bitcoin is making progress as it breaks the resistance at $8,200. The bulls have succeeded in defending the $8,000 support as the sideways move lasted for a week. Buyers overwhelmed the bears at $8,200 as the bullish momentum was sustained. The bulls have one more hurdle at $8,400 before facing the $10,000 price mark.

BTC Hannelssinjaal
Ynstrumint: BTC / USD
Oarder: keapje
Tagongspriis: $ 8,487
Stopje: $ 8,000
Doel: $ 10,000