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.
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If you agree with this chart please give thumbs up! Would love to hear your comments as well.
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Today we had the strongest 6hr candle since the beginning of the bear cycle, this could be of significance.
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First target of $8240 reached, now that level of resistance is acting as support. Lets see if it holds.