BTC/USD, Bitcoin can Hit $8500 and start a pullback after

Bitcoin is close to a key level $8506 I think the price will hit it today or in 1 -2 days.

Mostly price moves with cycles
Accumulation > Move > Pullback (2nd accumulation) > 2md Move. Some instruments can repeat such cycles many times.

BTC made a powerfull up move without any good pullback, I don't believe that big player will let the public make a lot of money. They will come back for their stop losses or breakevens.

That's why I will pay more attention to BTC/USD and its reaction on $8500

Komentar:

Price is still bullish

I wait how it will react on key level $8506

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BTC Still bullish, Hold buy till key level
There is no signal that price will return

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Price still bullish
You see ho many candles bounced from Red level

Still, wait for price reaction on $8506

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Price still bullish as you see on the chart, the price bounced from upward line
It looks like price will continue up move

I still think that price can start a pullback from $8506 but we need to see a price confirmation

How it could look on charts