Why BTC can break the resistance? Why BTC needs a correction?
Why BTC can break the resistance?
Why BTC needs a correction?
Bitcoin is breaking previous resistance at 7500-7600$ and trying to test 7800$. Let's see whether it is possible for BTC to fly right now or not.
Why BTC can break the resistance?
- We have a clear bullish flag which should end around 8500-8800$.
- We just broke global resistance and holding above it already for a few hours.
Why BTC needs a correction?
- We still don't see a right correction after insane pump from 7300$.
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**7800$ resistance is really huge,BTC took 4 attempts to break 7600$ though it wasn't so tough.
TA indicators shows that BTC is **overbought.
During today's pump 4k long positions were opened and now we have 65% longs and only 35% shorts - this looks like a bull trap.
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All in all, in next 1-2 days we might see the action so be ready guys!
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