Bitcoin Final Step To Confirm The Uptrend

COINBASE:BTCUSD   Bitcoin / Đô la
Bitcoin             has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual downside target/support at $7555.

Now the final step required by the Bitcoin             to confirm the uptrend and this is to close above $8650 level. It is important that the price will close on a Daily timeframe and better on a Weekly. Therefore a weekly close above $8650 should be a long waiting confirmation of the uptrend.

On a downside, break below the $5900 will most likely send price lower to $4000-3800 area and the $7555 support has to be watched for a break below.
Bình luận: Uptrend confirmed
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from looking at all the charts out there your seems to be the most accurate imho. However, knowing btc, there is no real way to predict what it is going to do. While I agree with your placement of the key resistance at appro 13700 (50.00% fib), it may just break straight through with a slight pause at that level. Btc has really positioned itself for a massive bull run and I dont see what it's target is.
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vagcurry NikitaVidyaev
@NikitaVidyaev, 50% isnt even a real fib level..hell he didnt even draw the fib right
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PaulC69 PRO vagcurry
Nice positive comment
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HiTech PRO vagcurry
@vagcurry, why don't you teach me the right way :)
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HiTech PRO NikitaVidyaev
@NikitaVidyaev, with BTC its very easy to predict, as cryptocurrency adoption is booming BTC demand will only grow long term, no guesswork here
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Not possible
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according to my intuitive theory,btc should cool at around 5.5k
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Key resistance is at 13.1
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13k will be a huge resistance isnt? Because the LTB from the ATH is passing just through there right now.
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HiTech PRO MarcelMartins
@MarcelMartins, it will be a resistance, but don't think anything massive
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