Bitcoin has lost almost nothing in the past 24 hours making no gains as well. The result is -0.67 percent, which indicates on tight range. The currency pair has broken through the ascending trend line meaning the uptrend is paused currently.
I think that BTC/USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.
I’m still bullish on BTC/USD, but I think it is time to be patient and wait for opportunities. Bitcoin, by the way, looks far better than its altcoin competitors.
Check the full crypto analysis HERE>>>.
I think that BTC/USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.
I’m still bullish on BTC/USD, but I think it is time to be patient and wait for opportunities. Bitcoin, by the way, looks far better than its altcoin competitors.
Check the full crypto analysis HERE>>>.
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