Quick preview of update last night.

BTC price went down up to $7.35k before pushing the price upwards.

As predicted, breaching $8k will push prices upward to $8.4k zone.

Currently, BTC price is testing the $8.4k resistance zone. Volume is picking up, however, MACD and RSI indicator is showing bearish divergence.

If the price clearly breached $8.4k zone, then we're on our way to $8.5k then $8.7k zone where we will meet another strong resistance. However, if it doesn't breach the $8.4k resistance, then it is possible that the price will continue the correction and we will see the price again go low to $7.7k (up to $7.2k zone which will complete the corrective Wave V as shown in the 1st and 2nd chart above).

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

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