Bitcoin remains to be in an uptrend. The closest actual target of growth is the dynamic resistance 9171 (upper Bollinger band). Though from mid-term point of view there are virtually no doubts, that we’ll see the mark of $10000 shortly.
H4-chart:
We note an important local support where we can open long-trades today. It’s 8338 (middle Bollinger band). Correction below this mark is unlikely.
H1-chart:
Within intraday time-frame the market stands in the horizontal channel inside Bollinger bands (8665-8827). ADX indicator resides in a weak area, therefore the main expectation today will be a continuation of potential accumulation within these borders.
Expectations:
Main scenario: Flat in the 8665-8827 range.
Alternative scenario: Continuation of growth towards 9171.
Trading recommendations:
Looking for potential buy signals during decline of the quotes towards 8665 and perhaps 8338.
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