BTCryptowatch
Long

Bitcoin retracement Buy opportunity

KRAKEN:XBTEUR   XBT / EUR
Bitcoin is still consolidating around level 8200$ (7000€ area).

Based on the 4H timeframe we see an MACD divergence that has formed.

Bitcoin bulls try to keep on pushing up yet a decent retrace to level 7500$ (6600€) or 7200$ (6300€) (area lower ascending trading channel Trendline ) or at least further consolidation around 8200$ (7000€) area into the next day or 2 would be a logic outcome based on our technical analysis .

Considering bitcoin 's history we can expect, in the event of a pullback, a quick recovery.

Any pullback forming in the next few days before the weekend is an excellent buying opportunity.

Position yourself for the climb to 10K+

trade safe,

Trade at your own risk
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