Bitcoin - The Market Needs to Have a Break

The useless week if we talk about this market based on the weekly timeframe.

The price could not move above 9000.00 and continue the upward movement to 10000.00 resistance. The price could not drop below 8000.00 support and confirm the further downward movement in the correction format.

We are going to get a doji candlestick pattern which tells us about a pause in the bullish market. What will be after this break? We will see. And firstly we have to pay attention to the price action at the key levels like 9000.00 and 8000.00 as the breakouts above or below will show the direction of the further market movement.

If we talk about the logical variant - still, the correction should be in the priority. RSI is in the overbought zone, and it is going to confirm the price reversal. MACD and DMI confirm the uptrend and the strength of buyers.

Will the price reach 10000.00 before the correction or not? What do you think? Share your ideas in comments!

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