Expected trading for today is between 7600.00 support and 8350.00 resistance
Bitcoin price is establishing new record highs as it succeeded
to reach 8000.00 level / 50% Fib extension level and settles near it.
Technical indicators show strengthening bullish momentum, so bitcoin price will try to test 8350.00 and could aim for the 61.8% Fib extension at 8638.00.
Holding above 7600.00 represents key condition to continue the expected rise.
100 SMA is above 200 SMA so the rally is more likely to continue
than to reverse.Stochastic is on the move up to show that buyers are in control
of price action.RSI indicate that the Bullish still in the cards.
Expected trading for today:
is between 7600.00 support and 8350.00 resistance.
Expected trend for today:
Bullish.
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