Much needed pullback in Bitcoin Prices towards 7700. Where is it going?
BTCUSD had seen good support at 6600 unable to close below 6500 for days now. Pullback from lows was anticipated and much needed.
Where is BTCUSD headed?
With Strong Momentum in the Bitcoin recently, The pullback should be strong above 7800 and move towards 8500-8800. Resistance on the upside is seen closer to 8800-9000.
We are strongly bullish on BTCUSD above 9200 for target of 11500. SL 7500.