BTCUSD probably heading to 8800-9000$ zone.
BTCUSD seeems to be ready to head to 8800$ - 9000$ zone, just if the triangle breaks 8350 Fib. resistance on the upcoming hours, otherwise we can visit the support around 7200$ again. It should not be a 700 point increase straight away, but this is my perspective for upcoming hours/days. I think we have a bull weekend ahead O:)
Note
If we fail to break the simmetrical triangle soon, we might fall to resistance area 7800-7900$Note
Update: We should see some power from the bulls over the next hours, otherwise we might revisit next resistance zone(s) before continuing with the uptrend. I personally believe on the red scenario.<deleted>
Note
Stop loss: 8000-8100$
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.