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Today, Bitcoin is trading at the upper limit of the flat. If this zone is broken, and the close of the trading will occur above the level of 8085.79, then further growth will become a priority again. It is important to understand that the upward impulse is a strong medium-term structure. Working towards an increase in the price will bring a profit in 70% of cases, which allows you to use any reduction to enter purchases as long as the structure is not changed.
Today or tomorrow, it will be possible to determine the further priority, since Bitcoin is being traded at an important mark. Do not forget that the accumulation phase can last several weeks and it is necessary to make a hasty replenishment in a long position from the lower border of the flat.
An alternative growth model will be the breakdown of the level of 8085.79, which will entail the continuation of the upward impulse. The next growth target will be $ 9000 per bitcoin, which is necessary to be used for new fixations of purchases opened at low prices. Additional inputs to a purchase above $ 8,000 will be relevant only after fixing above the high of last week.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
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