Bitcoin is still consolidating around level 8200$ (7000€ area).
Based on the 4H timeframe we see an MACD divergence that has formed.
Bitcoin bulls try to keep on pushing up yet a decent retrace to level 7500$ (6600€) or 7200$ (6300€) (area lower ascending trading channel Trendline) or at least further consolidation around 8200$ (7000€) area into the next day or 2 would be a logic outcome based on our technical analysis.
Considering bitcoin 's history we can expect, in the event of a pullback, a quick recovery.
Any pullback forming in the next few days before the weekend is an excellent buying opportunity.
Position yourself for the climb to 10K+
trade safe,
Trade at your own risk
Based on the 4H timeframe we see an MACD divergence that has formed.
Bitcoin bulls try to keep on pushing up yet a decent retrace to level 7500$ (6600€) or 7200$ (6300€) (area lower ascending trading channel Trendline) or at least further consolidation around 8200$ (7000€) area into the next day or 2 would be a logic outcome based on our technical analysis.
Considering bitcoin 's history we can expect, in the event of a pullback, a quick recovery.
Any pullback forming in the next few days before the weekend is an excellent buying opportunity.
Position yourself for the climb to 10K+
trade safe,
Trade at your own risk