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The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $8,328. One of the first foreign cryptocurrency companies to take advantage of a Russian free trade zone is based in Hong Kong. Among other ventures, the company plans to build a cryptocurrency mining farm, a crypto museum, and provide training on a Russian island. The technical picture looks bullish.
Trading recommendations:
According to the 15M time frame, a broken supply trendline in the background, which is a sign that buyers are in control. I also found a successful re-test of the supply trendline and an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities The upward targets are set at the price of $8,372 (pivot reistance 1) and the price of $8,475.
Support/Resistance
$8.163 – Pivot level
$8.266 – Pivot reistance 1
$8.372 – Pivot reistance 2
$8.053 – Pivot support 1
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