BTC UPDATE
Bullish breakout - BTC has done upside bullish break of the falling wedge and BULLS has pushed the price to first resistence level of 8450 to 8550
Currently, BTC is in correction and Support levels are 7700/7800 and 7500/7600.
50 day MA is trending upward in favor of BULLs and 200 day MA is flattenning out, which are positive signs!!!
Possible Outcomes
A break above the resistence line of 8500/8600 will take price upward to 8800 to 9k Zone.
if BTC breaks below 7500 level then downside movement 6900 to 7200 Zone is also possible.
