BTC is trying to break the broken Trendline on upside. Next TopSide Resistance is 8450, which if holds than we will be pushed back 8000 & 7700 Area. The Downward Trendline is broken now and is acting as a support. Current Area around 8200 is also a resistance. If we get rejected from here than aim to go back 7600 Area,
On topside 8600-8900 Area is a major resistance with 200 DMA, 50 DMA, 13 Weekly Ma & Mulitple Rejected Zones resides.. But the Major battle zone has notwmoved to 9550-9800 Area. Thats a Make it or break it for Bulls. If we break 8450 convincingly than next stop 8589, 8900, 9179 before final Target 9550-9800 Area on topside. On Bottom, 7150 is now strong Support. Other support includes 7475-7516 Area. Expect one large Dip candle to reset levels.
On topside 8600-8900 Area is a major resistance with 200 DMA, 50 DMA, 13 Weekly Ma & Mulitple Rejected Zones resides.. But the Major battle zone has notwmoved to 9550-9800 Area. Thats a Make it or break it for Bulls. If we break 8450 convincingly than next stop 8589, 8900, 9179 before final Target 9550-9800 Area on topside. On Bottom, 7150 is now strong Support. Other support includes 7475-7516 Area. Expect one large Dip candle to reset levels.
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