BTCUSDUpdating my previous BTC LONG idea linked below we can see if we drill down deeper looking at the 4HR chart Bitcoin is steadfast approach a very key level. $7300 is not only a round psychological level but also has been previous support and resistance in that past and across multiple time frames we see confluence looking at the moving averages. This would indicate that in order for price to break towards $8000 we first must see Bitcoin break above $7300 and have a strong retest.
Using VPVR we can see once this does happen BTC will only start to face it's next hurdle at $7800
Lets see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.