#BTC The price tests 50MA, which is a strong resistance.
#BTC
In the 1-week format, the price tests 50MA, which is a strong resistance. To break through which, probably, the asset does not have enough strength. We can drop to the support level of 8100. In 6-hour format, we can roll back and get correction from the last growth of 61% (Fib 0.618 level), where we will form another impulse to continue the bullish trend. In the 1-week format, MACD intersects and is ready to move up, pulling up the price, as described earlier, Stoch RSI looks bullish. For a further positive scenario, we need to stay in the 8125 zone. If Bitcoin descends to the level of 7900, we do not recommend making a big purchase on deals with alts.
In the 1-week format, the price tests 50MA, which is a strong resistance. To break through which, probably, the asset does not have enough strength. We can drop to the support level of 8100. In 6-hour format, we can roll back and get correction from the last growth of 61% (Fib 0.618 level), where we will form another impulse to continue the bullish trend. In the 1-week format, MACD intersects and is ready to move up, pulling up the price, as described earlier, Stoch RSI looks bullish. For a further positive scenario, we need to stay in the 8125 zone. If Bitcoin descends to the level of 7900, we do not recommend making a big purchase on deals with alts.
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