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Bitcoin has already reached the level of 8,900 and it is close to a breakthrough of 9,000 USD. The main growth is associated with an increase in trading volume by $10.3 billion this weekend, according to CoinMarketCap.
Bitcoin (BTC) buy signal:
Buyers reached the target of 8.900 USD. Now, the new challenge is to break through this range, which will lead to the area of new highs of 9.100 and 9.300, where I recommend taking profits. Those who still believe in Bitcoin correction and decline can wait for the renewal of 8.480 minimums or buy for a rebound from 8,120.
Bitcoin Sales Signal (BTC)
An unsuccessful breakthrough to the resistance of 8,900 with a repeated test, which may take place in the near future with confirmation of divergence on the MACD indicator, will be the first signal to open short positions. However, more acceptable levels for selling Bitcoin are seen in the region of 9,100 and a little higher in the region of 9,300. The purpose of the bears will be to return the cryptocurrency rate to the support area of 8,480.
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