Bitcoin went higher than I initially expected and it cross the range's resistance point at $7500. Given the strong momentum, I expect to see $8200s and even $9100s. If you are trading long, please use a stop loss.
If you agree with this chart please give thumbs up! Would love to hear your comments as well.
Today we had the strongest 6hr candle since the beginning of the bear cycle, this could be of significance.
First target of $8240 reached, now that level of resistance is acting as support. Lets see if it holds.