BTC Update 29/07/2018

​​📈 # BTC

By bitcoin, the goal was first 7800 dollars (Analysis of July 12), formed after the penetration of the reversal figure "head - shoulders". Now we are working on goal 8800 (Analysis from July 23), formed after the operation of the "bullish flag". The presence of large volumes in the breakthrough of key levels suggests that the bearish trend is coming to an end.

Technical analysis indicates a change in mood and trend. However, at a level of 8600-8800 there is a very strong resistance range, which can slow down the movement of the pair to annual highs. The breakthrough of the local uplink (dotted line on the chart) with a width of 1300 sets the following target for the BTC-USD pair around 9100.

Support: 5750 (annual minimum); 6425 (minimum from April 1); 6800; 7300; 7600; 7800; 8000.

Resistance: 8550; 8620; 8900; 9350.

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