BTC price went towards the resistance area at $8,365

Bitcoin has tested the support area at $8,128 yesterday again and jumped off the level. BTC price went towards the resistance area at $8,365 and tested it. There were several attempts to break it through and to move higher. BTC/USD has even tested the lower border of the Ichimoku cloud but failed to penetrate inside the formation.

Bitcoin stays below the $8,365 resistance area currently and seems to aim the support area at $8,128. The possible scenarios for BTC/USD are the following:

1. The currency pair will reach the support area at $8,128 and will test it. BTC/USD will develop its downside progress or jump off this area, depending on the results of testing.

2. BTC/USD will start to grow from current levels and reach the resistance area at $8,365. BTC price will jump over the resistance area and develop its upside tendency or will jump off this level and reverse.

3. Bitcoin is also able to stay without significant changes close to the current levels.

As for the daily chart, there are no significant changes in the situation as BTC/USD still stays within the Ichimoku cloud.

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