Home Daily Analysis Crypto Market sentiment BTCUSD Daily Chart Harami Shows Bullish Strengh

BTCUSD Daily Chart Harami Shows Bullish Strengh

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Last week BTCUSD the price of the Bitcoin had a two-day drop from about $8,800 down $7,427. Then, it retraced for three days and then moved back down, creating a base in the area between $7,400 and $7,600. Today during the last six hours it jumped up to touch the $8,100 and creating a Harami figure.

This shows there is bullish strength. if the $8,000 level is crossed up convincingly, there is a case for more bullishness. Currently, it is moving near  $7.900 a level in the 4H chart, after touching $8,100. So we need to see if this selloff continues or is just short-term volatility. As we have said, we need to see strength above $8,000 to believe in a bullish movement to conquer the $9,000 level.

Main levels to watch: 

     Key level:  8,000

Resistances: 8,100, 8,500, 8,800

   Supports: An area between 7,400 and 7,600

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