The BTCUSD price rebounded from the local support level at $ 7,500 and broken through the local resistance at $ 8,600, a move that was just over $ 1,100 in price. The growth charaster is impulsive so that it is possible to mark this movement as the wave 1.
Confirmation of the hole at $ 7,500 will be breaking the level of $ 10,000.
The price has stopped under the technical resistance at the level $9,120 - $9,265 and currently is consolidating in this zone. The next impulse wave must go higher towards the level of $10k if the bullish rally is to be sustained.
👨💼Sebastian Seliga - elliottFXtrader.com 👥Head of Analysis & Trading at BitBay ❌Podane informacje nie są rekomendacjami handlowymi