Bitcoin is trading around $86,272 following a technical rebound after reaching the $85,000 zone, which coincided with the lower band of the uptrend channel.
Bitcoin has the potential to continue rising in the coming days and could easily reach $87,500 around August 8. Even if it breaks above this level, it could reach $88,750, where the upper band of the uptrend channel is located.
On the other hand, if there is a pullback toward the 21 SMA around $85,496 or toward the lower band of the uptrend channel, this could be considered a signal to re-enter long positions in anticipation of further gains in the coming days.
Conversely, if Bitcoin breaks decisively below the key $85,000 level, the outlook could turn negative, and we might expect it to reach the 1/8 Murray level around $84,700 and the September low of $82,500. Finally, we reckon BTC could reach the 6/8 Murray level around $81,250, which also coincides with the 200-day EMA at $81,398.
The Eagle indicator is showing a positive signal, and we believe Bitcoin could continue its rise in the coming hours. Therefore, our trading plan suggests going long in the coming days.
RYCHLÉ ODKAZY
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Kontaktujte nás 
