The rally on the increased ($ 1,000 an hour exchange 30k of BTC fututres contracts) caused the price to reach the local at $ 8,265. This level is the last technical resistance against 38% Fibo at $ 8,438.
Nevertheless, the more important technical resistance, the overcoming of which opens the way above the level of $ 10k, is the level of 50% Fibo to $ 9,058 and lying down the technical at $ 9,222.
Overcoming these two zones will be a good prognosis for further increases.
👥Head of Analysis & Trading at BitBay
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