Bitcoin apparently has already performed he pull-back, closed the breach and continues its way up. It broke with a lot of volume and low upper wick the resistance at $8,000. Afterwards, it headed straight up to the next resistance at $8,200 and it putting a lot of pressure in it.
The next resistance is $8,330. Very possibly, it will touch it and retrace quickly. Why? Bitcoin movements are very sharp and every time it pumps, it normally does it in two parts, also called the two legs of a pump. The first one already took place yesterday and apparently it will break again this new ressitance at $8,200.
If BTC finally rises up to $9,000, we will be in front of a key moment to really know if the Bitcoin price is going to head the great resistane of $10,000.
The Copilot
The next resistance is $8,330. Very possibly, it will touch it and retrace quickly. Why? Bitcoin movements are very sharp and every time it pumps, it normally does it in two parts, also called the two legs of a pump. The first one already took place yesterday and apparently it will break again this new ressitance at $8,200.
If BTC finally rises up to $9,000, we will be in front of a key moment to really know if the Bitcoin price is going to head the great resistane of $10,000.
The Copilot