Bitcoin analysis for August 01, 2018
According to the H4 time – frame, I found that price rejected from the demand zone (support), which is a sign that selling looks risky. I also found the rejection of the upward trendline, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $8.445.
$7.774– Intraday resistance
$7.413– Intraday support
$8.445 – Objective target
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