Daily Bitcoin Update - E07

Hello friends! This is my daily Bitcoin update. Every previous chart is linked below. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!

The price of Bitcoin (BTC) remains bullish after a strong breakout at the neckline of an inverse head & shoulders pattern.
This strong move up to the 8400.00 area was supported by strong buy volume and a bullish sentiment in the whole market.
I don't think political stuff (Iran) has any major influence to the price of bitcoin, but this could be a possibility (or coincidence) as well.
The price got rejected at this price level and retraced back to our previous resistance at 7800.00, which now acts as support.
Many potential buyers consider this level as a great entry.

Our Buy Zone (green box) is located right above the support. There is a decent chance of a quick drop to this level before having a strong move towards our first resistance (8400.00) and finally our target at 8760.00. This is a setup for a trade with maximum profit and patience. We might miss the entry, but we will definitely have some more great opportunities to trade.

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cheers,
cryptobuller

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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only