Ransquawk

The course of the most popular bitcoin cryptocurrency in recent weeks has recorded quite a clear corrective upward move. The demand side managed to reach the level of 8,000 dollars, where the 100% geometry is located. At the moment, buyers have a clear problem with breaking this area, which results in a consolidation lasting from the beginning of the local week.

From the point of view of the time interval H1, we can set a consolidation zone within the limits of 7600-8300 dollars for one bitcoin. In the case of breaking the upper limit, the said equality of corrections will also be broken, which opens the way to an attack on higher price levels.

If the growth scenario is implemented, the next target for buyers will be the level of resistance located in the price region of $ 9,000.

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