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PRICE ANALYSIS BTC/USD

As we can see for the last trading days, the BTC/USD price is traded in the sideways movement where it is of little interest to trade. At the moment, the price is traded in the 9100-9200 corridor when trying to determine the trend gaining volumes if you look at the H4 chart.In my opinion, the following plan model is being built:
Multistage growth model
After trading close to support of USD 9.032, BTC/USD price started a confident recovery model. BTC/USD is now trading above 9150 USD and is approaching the resistance of 9 200 USD which will be passed without any doubt. The main resistance is close to the level of USD 9,300. With a confident passing above this level the price will go higher and can test in the nearest trading sessions 9700-9800 and much higher .
Otherwise, there is a risk of a sharp drop below the support levels of USD 9,032 and USD 9,000. The following main support is at 8800.Option of falling below 8800 is considered as unlikely.

BTC/USD H4 chart

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use .

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